SPI Monthly & Weekly cycles
As illustrated in previous Weekly reports, the Monthly support levels (RED) often provide a robust entry level during current Quarterly cycle & up into new highs in forward Quarterly highs:- 3-6 month trend
Current Support resides around 4864
A break of the same Monthly Support level will put pressure on the trend to drop further, until the same pattern appears into the forward Quarterly cycle providing the next long-term entry level.
Short-term trend will be decided by the Weekly level @ 4974 (random Support)
