SPI Futures Australia Stock Market 3rd November 2012


SPI Monthly & Weekly cycles

The SPI has decided to rotate towards the November 50% level @ 4416/19

This level is seen as the trend guide for a move towards higher highs in 2012 @ 4800+

However, it wouldn't surprise me to see a short-term Spike downward into 4341 (Support), before it settles back above the November 50% level and then continues higher into the end of the year.