SPI Frutures 19th July 2012 Daily recap

Random resistance 4130..

overall target Weekly highs & July 50% level @ 4167

SPI Weekly and Daily cycles

Breakout of thursday's highs has seen the market trend into the July 50% level and Weekly highs @ 4167.

This level is seen as resistance.

However and breakout of Thursday's highs can extend towards new highs on Friday:- break & extend pattern

• Daily Trading Set-ups & Analysis
• Index Futures SPI, DOW S&P, & Forex
• Subscribe to the Trader Premium
• http://www.datafeeds.com.au/premiumtrader.html