SPI Futures 8th MAY 2012 Daily recap

Looking at the levels in the day session:- price could move down  towards 4306 (spiral filter and MAY 50% level)....using 4331 as the trend guide

and if below 4306 the trend bias is down into Tuesday's lows (4275)


SPI Weekly and Daily cycles

Sell off on open back towards the MAY 50% level @ 4306...

and a continuation of another 21 point range down, before it would support around the Weekly level @ 4295

42 point range.(inside day)


Trend bias is down into 2nd Quarter Supports @ 4254, but if tomorrow opens above 4306, then Wednesday could end up being a counter-trend day (UP)



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