![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfaB044ggWPrV8E5jbG5V5-ogIqQuX32mszKky9VjEySqTRzZWm5TtI53_pdKDmoCwzM1ZwvRIYyqzR6L6TvjSW-zyYWdZR2vvmuL-zx4MAvZkMfBO77FBYmObcEQLBjp3fHBxprZT7c-w/s400/spi4-10.gif)
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)