Previous Weekly report
SPI Monthly and Weekly
Overall target during the current quarter remains 5093+
However, the SPI has moved up into the monthly highs in April @ 4978, and in my opinion has hit resistance levels and will begin to rotate lower over the coming weeks, and move back down towards the lower Weekly levels.
Depending on where the market is at the start of MAY, and if it's trading near the monthly 50% levels, then the next move upwards will align with support levels matching in the following month
Basically, I think buying into the market at these levels is open to risk, and I would prefer to wait for the market to rotate back down over the next 3-weeks into trailing support levels
