SPI Primary & Weekly Cycles
I still favour a rise up into 2020/21, so bullish for another 2 years.
Any weakness in MAY and treat the 2018 Yearly 50% level as support, with the expectation that Markets will continue to rise. (previous Report)
There was weakness in MAY but not as far as some other years when we do see markets move lower.
Looking at the current patterns, the Yearly 50% level is the Major support level
However, I would use the Weekly lows and June 50% level as the first Support zone at the start of this month
support :- 5944
major support 5899 - 5877
