SPI Primary & Weekly Cycles
Primary Trends have over-riden the minor trends, as seen with the price action in the Weekly cycles.
Normally, if there's a break of the Weekly lows, as seen at the start of October, price will continue down into the following Weekly lows, using the Ocotber 50% level as resistance.
This didn't happen, confirmed with a breakout of the 5-day highs and above the October 50% level
During Primary cycles, the 100% level (6775) is often seen as a Target, Exit and/or a shorting zone.
However, the probability drops in the 4th Quarter, as markets try and extend upwards into the new Primary cycle highs.
6775 is a random resistance zone
4th Quater target is 7006
Dont trade longs below the Weekly lows @ 6570
