SPI Monthly and Weekly
Aussie market still trading below the monthly 50% levels, and the longer it remains below these levels during this quarter the more chance it's going to moving down in March.
In saying that...I think our market will end up around 4760 during February, simply because I believe US markets will continue higher during this month.
In the short-term there could be more resistance in the first couple of days, but thereafter it should continue upwards, if the S&P follows the Weekly dynamics.
Read US report
