SPI Futures 5th June 2012 Daily recap

Trend bias is the Daily 50% level @ 4034 (resistance)...

either it rises 42 points from yesterday's lows and reverses down into the close

or continues up towards 4072 (weekly level)

SPI Weekly and Daily cycles

The SPI didn't remain below 4034, instead finding support on the spiral filter @ 4030...

and rising 21 points, but failing to complete the move into 4072.

Trend bias remains towards the June lows... if below 4072

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