SPI Quarterly and MonthlyThe view remains that the SPI is heading towards the 2nd Quarter highs.
However, for the rest of this Quarter price can still remain below the Quarter levels @ 4741-59
There is nothing on the horizon that suggest short-term weakness in the markets, and the price action in US markets are bullish.
Now until the 2nd Quarter is a long time, but at this stage the expectation is to continue higher, starting with a 2-day UP move next week.
Financials look like they want to go higher, but the Energy stocks look like they are going to keep the breaks on, as the Energy index at the moment continues to look bearish. (read Stock Report)
