SPI Monthly and Weekly cycles
last week saw the market come down into the Weekly lows @ 4033, find support and then continue higher on the back of the same price action in US markets.
There is now a Weekly close above the 3rd Quarterly 50% level, therefore there is an expectation that the trend will continue to move upwards for the next 5-days...
and then push higher into the August highs the week after next.
