SPI Weekly and Daily chartsExpectation that Aussie market would continue higher in MAY, after consolidating in April.
Last week's analysis was for price to move down into MAY 50% levels and then continue higher, this was helped by US markets.
The expected move on the SPI is to 5870+....
A move towards MAY's highs 6055 is still a possibility, but that's going to be dependant on US markets...
http://www.usindexweekly.blogspot.com/
In the short-term:- Weekly highs next week expected resistance level for a couple of day's and looking for a 2-day stall reversal pattern down
However, the Weekly highs can breakout on the UP side because of the higher timeframe push towards into 5870+....
All SPI Daily reports using the 5-day patterns and high probability set-ups can be found at the Trader Premium....
http://www.datafeeds.com.au/premiumtrader.html
