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)
Posted by
Frank Dilernia