SPI monthly and Weekly
Yearly 50% level @ 4296 continues to support the SPI and the market is trading back around the June 50% levels.
There are no leads from US markets that the trend is going to continue higher, as the 3-Week highs can send the S&P back down, or it keep in consolidating during June
At this stage I'm treating the Aussie market as consolidating in June (no Weekly close above the monthly 50% levels).
Last Week started from a lower Weekly open and a swing back towards the June 50% level
Next week starts from a higher Weekly open and trading around resistance levels.
Trend guide @ 4522.
