SPI Futures 14th MAY 2012 Daily recap

Trend guide is based on the daily level @ 4288.

 Either the trend guide moves down

Or rises up into the next spiral filter @ 4314…..

SPI Weekly and Daily cycles.


My view was that if it opened below 4288 it would continue down.

However, price rallied on open, as part of last week’s Monthly Support (read Weekly Report)…..

Hitting the next spiral filter @ 4314, but then moving into a consolidating pattern…