SPI Weekly and Daily chartsLast Weekly report I was looking for a reversal back down from the Weekly highs, and then a continuation UP towards 5870+
Next Week 5870+ will be reached and there is a lot of resistance around those highs over the next 5-days.
Therefore I'm looking for a tight 5-day sideways pattern, and it won't surprise me to see a lower Weekly close next week.
A move towards May's highs 6055 is still a possibility, but that's going to be dependant on US markets, as they move towards their MAY highs, which might be 2 weeks away.
We can see March lows and rotation towards the April 50% level. The April lows and rotation UP towards 5870.
And now MAY lows and looks to be pushing UP towards 6055.......
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