SPI Futures 1st MAY 2012 Daily recap

Trend bias is to continue towards this week's highs, as long as it's above 4384.

 First day of the month, and it's either going to trend upwards during the first 90 minutes...

or remain flat until 14:30 and rate announcement

SPI Weekly and Daily cycles

first 90 minutes rallied, and then continue to move up towards the higher timeframe levels:- Weekly and Monthly highs.

and then an extra push up towards the Daily highs on Tuesday @ 4444