SPI Futures Australian Stock Market 2012 Daily recap

Today's trading is based on whether the trend continues with Wednesday's breakout and moves down into Thursday's lows @ 4227.

or whether Thursday moves upwards, as it rises up from the Weekly lows.

Trend guide 4274
SPI Weekly and Daily cycles

There wasn't an ideal long set-up within the daily cycles until the market moved above 4274

Weekly lows has supported the trend earlier this week, whilst the market began its rise upwards today from the April 50% level @ 4257

Any further gains (above 4300 Weekly 50% level)...

will depend on US markets moving upwards overnight.



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