Aussie Index (SPI) 24 April 2010 Weekly

SPI monthly and Weekly

The Aussie market has continued down but the US markets have failed to follow with the double top patterns and have continued higher.


3-week lows support and Friday 5-day low support should see next week start with a 2-day UP move:- random length.


It's a bit too early to tell what will happen after a 2-day UP move, as price isn't rising up from the monthly support levels in MAY.


However, we could see a move back towards the April highs by the end of next week and continue towards the 2nd Quarter highs in MAY.