If that's going to repeat during this Quarterly cycle, then the trailing single monthly lows (RED) in the future months "a window into the Future' are levels that should be of interest for traders looking to 'TIME' longs once again.
Note:- A break of monthly support will result in a minor break and extend pattern towards the Quarterly 50% level (Yellow) Previous Weekly Report.
SPI Monthly & Weekly cycles
As mentioned in last week's report, there is an expectation that for the trend to continue higher it needs to revisit support during the current Quarter.
That Support resides around 4252/54.
So if you want to get back into the current trend, then that's the area of interest.
However, as a footnote I also mentioned the possibility that if it breaks Support it will continue down into the 2nd Quarterly 50% level (Yellow), which has always been my overall support zone.
Because what we notice using past history to define probable future moves is that...
the breaks of support often occur during the month of MAY, extend down into lower lows (JUNE/JULY) and then find support.
Therefore 4252/54 can and may continue to follow the same patterns for the past 3 Quarters and support the trend.
or it's going to follow a similar pattern as past years and break support and extend lower
