SPI Futures Australian Stock Market 31st March 2012

SPI Monthly & Weekly cycles

Trend bias is to continue up towards the April highs....

However, my view is that the Australian Market will revisit the 2nd Quarterly 50% level over the next 3-months....

the 2nd Quarterly 50% level is seen as a robust Support zone during 2012

The move down will be helped by weakness in US markets.....