SPI Futures 23rd April 2012 Daily recap

Trend guide is the Weekly level @ 4375... either the trend continues up into the Weekly and April highs

or the 3-year 50% level 4389 continues to stall the market from rising, and the last week of the month is pushed downward:- first target 4259 (Friday's level)

SPI Weekly and Daily cycles

pushed down from 4375 and into 4359

and consolidation (small range day..boring)