SPI Futures Australian Stock Market 15th October 2011 Weekly Report

Weekly close above the monthly 50% levels and this Week's highs @ 4141 can often see more gains in the following week as the trend continues into next week's highs, and 4th Quarterly level 4262-97

Therefore:- simply trade on the side of 4152...

SPI Monthly and Weekly cycles.

SPI has continued higher following the Weekly cycles, and likely to continue higher next week.

Next week’s highs are once again random resistance zones within the 5-day cycle.

As noted in last week’s report…..

And it's way too early to think that the Australian market will continue towards 4519+ during the 4th Quarter, simply because US markets aren't showing the same strength (Read US Index report)


After this week’s price action in US markets (read S&P Index report)….

Aussie traders should keep an open mind that the Trend could continue up towards 4519+ by November.