SPI Futures 7th June 2012 Daily recap

Support 4098

Resistance 4138:- as part of a move towards the June 50% level.

SPI Weekly and Daily cycles

As noted in Yesterday's recap..

Expectation of further gains in the Aussie Market will be helped by gains as US markets rise up from their June lows.

Today opened above Thursday's highs @ 4098, but sadly it didn't come down and precisely test Support

Looking for more gains on Friday:- 4148