I still have the view that the Market is trying to rise up towards the November highs, and the 4th Quarter 50% level...@ 4519 ....(Previous Weekly Report)
SPI Monthly and Weekly cycles
This week saw the Weekly 50% level support the trend, as it continues to move upwards during November.
I still have the view that the trend is moving higher during November (resistance), and then likely to consolidate for the rest of this Quarter....
That is, unless it closes below the Weekly lows
Next Week:-
use the levels in the Weekly cycles, along with short-term set-ups within the 5-day range...
either the trend continues to move upwards, whilst above 4359
or we have more of the same over the next 5-days, as the market consolidates within the weekly levels.
