Aussie Index (SPI) 10 April 2010 Weekly



SPI Monthly and Weekly

2nd Quarter target 5170+

Weekly high resistance should continue towards next week's highs and April's highs.

I still subscribe to the view that the next best set-up towards 5170 should occur from the monthly 50% levels, which may take 4-6 weeks to unwind.

Up trend currently helped by US markets break and extend patterns from March highs into April's highs (Read US report)