SPI Monthly and Weekly
Start of the new Quarterly cycle has seen Support hold @ 4657.
The trend was verifed with price trading back above 4703, and the followed by Thursday's breakout of the 5-day high @ 4734.
Expectation is that the trend will continue towards the January highs, and then follow the move towards the February high:- target @ 4883.
Once again any upside it dependant on US markets not reversing down from their own higher timeframe levels, as it nears 1300 (2011 high) (read US Report)
