SPI Futures 29th MAY 2012 Daily report

Support 4033-4037

if above 4061 the bias is into 4104 (84 points from Friday's lows )

SPI Weekly and Daily cycles

Early support @ 4033 saw the market close above the key 50% levels and channels @ 4061/73

resulting gains towards the target zone of 4104.

Further upside helped by reports out of China that they are going to embark on a round of stimulus of
$310 Billion

All this feeds into the often patterns that occur in the last week of certain months; in this case, the last week rise in May towards the June 50% level, as per Weekly Report




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