SPI MonthlySPI and US markets complete the 3-month cycle breakout patterns from July into October.
Normally when these cycles complete price will move into a rotation pattern looking for the monthly 50% levels.
Sure the market can go higher, but at this stage I'm treating the Global Equity markets as range bound around upper resistance levels until November
SPI Weekly and 5-day patternNext Week is simply a view of price being range bound between the Weekly 50% levels, and maybe travel as high as the Weekly highs.
Any moves during the week will be based on using the support or resistance levels within the 5-day pattern.
Bearish patterns around the October highs, will need to be verified with a Friday close below the Weekly 50& levels.
At this stage next week starts around support levels in the 5-day pattern
