SPI futures 3rd March 2012 Weekly Report

I still form the opinion that the Australian Market will continue to BUTT its head around these levels, and if it's going to continue upwards...

Then the 2nd quarterly 50% level @ 4127 form provide the perfect Support zone (Previous Weekly Report)

SPI Monthly and Wekly cycles

The Monthly &  Weekly 50% levels can form a 'random support zones' next week and push the market upwards...

However, I still have the view that the market is drifting downward into the 2nd Quarterly 50% level (April)