But for next week, it looks like more consolidation between the Weekly levels.
Previous Weekly Report
SPI Futures
Australian market continues to consolidate during October.
Upside target remains 4900 in the 4th Quarter.
Ideal pattern is for the market to test support levels in November using a lower Weekly close
and then continue upwards over the next 2-months towards 4900.
Stock traders on the 'long side' don't want see price trading below those support levels during November, as the upside trend will be open to risk.
