SPI monthly and Weekly
Shift in market dynamics from the 3rd quarter into the 4th Quarter and a new trend pushing up from the 50% levels @ 4582 after forming resistance in September
Upside target is 4900 in the 4th quarter...
However, there is resistance around the October highs, and the current price action doesn't lend to the market breaking out of the October highs
My concern is not whether the Australian market continues up towards 4900, because fundamentally the market is sound.
My concern lies with the S&P 500 around 1182 (Read US market Report)
