and 2nd Quarterly 50% level will act as resistance until July (3rd Quarter)
Previous Weekly Report
SPI Monthly and Weekly cycles
2nd Quarterly 50% level and June 50% level continues to act as resistance, and may continue to do so for a few more weeks.
Next Week:-
Weekly 50% level @ 4074 will determine whether there is upward bias (or not)
A lot of that will also depend on the market's reaction to the Greek elections over this weekend.
Primary and monthly cycles suggest further weakness
