SPI Futures 10th MAY 2012 Daily Recap

Above monthly low support @ 4252 & daily filter @ 4259,

the trend bias is up First target 4287 then 4305

SPI Weekly and Daily cycles.

The SPI has found support around the monthly lows in the 2nd quarter @ 4252….

And today’s upward move was helped by the shift in the daily cycles with today’s level @ 4259.

Initial move was to 4287, and then the market stalled…

But then more buying came in, pushing the market higher into the close and towards 4305
Posted by