or we have more of the same over the next 5-days, as the market consolidates within the weekly levels ... (Previous Weekly report)
SPI monthly and Weekly cycles
The Market continues to consolidate during the 4th Quarter, and my view is that it will continue to do so.
Of course the market can continue lower, as it's trading below the higher timeframe 50% levels (Yearly and Quarterly)....
and it won't take much for the market to be trading below the November 50% levels also, putting more pressure on the market.
Next Week:- my view is that next week's level @ 4164-72, will provide enough information whether I'm right and the market continues to trade between the Weekly levels (consolidation)
or not, and the downtrend continues.
