SPI Futures 11th MAY 2012 Daily recap

The next spiral filter will form @ 4304, which aligns with the MAY 50% level.. and should be used as the trend guide...

4273 is an attraction zone

 if there's early selling pressure, then 4273 becomes a random support zone/trend guide on the 2nd 90 minutes.

SPI Weekly and Daily cycles

Early selling down from 4304 down into 4273

and 4273 forms a random support zone on the 2nd 90 mninute timeframe.

Market continues to consolidate above 2nd quarter support @ 4252/4

Weekly report out tomorrow