SPI Futures 23rd MAY 2012 Daily Recap

The SPI has risen into the 2nd Quarterly 50% levels and MAY lows @ 4143 and stalled overnight.

The rest of this week's trading is based on whether the trend resumes its downward trend towards the Weekly lows @ 3964

Today's Trend guide 4088

SPI Monthly and Daily cycles.


As we can see the trend has stalled below Key Support levels @ 4143/64..

And today’s weakness was helped by the close below 4088 and subsequent resistance thereafter.

The rest of this week is now based on whether the trend makes it as low as the Weekly lows @ 3964 by Friday..

Or it remains choppy below 4143/64 until the end of the week.

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