SPI Monthly and Weekly cycles
My view was that the SPI would drift lower, whilst US markets continue to push higher.
Instead the Australian Stock market has moved back towards the 1st quarterly 50% level @ 4292 once again and stalled
Next Week:- the trend may continue to push upwards, and follow the Weekly cycles, and may even move towards the monthly highs in March
however, I still form the opinion that the Australian Market will continue to BUTT its head around these levels, and if it's going to continue upwards...
Then the 2nd quarterly 50% level @ 4127 form provide the perfect Support zone
