SPI Primary & Monthly cycles
If it does continue
higher the next 5-days, and then into new highs the week after next, then it's
time to look to profit taking, and then look for the same BUY zone in the 3rd
Quarter. (27th April 2013)
That was my last report 4 weeks ago, and we are now moving down into the BUY zone @ 4899 (4886/4905), after completing the highs in MAY, where profit taking should have done along with the 100% of the Primary cycles.
Keep in mind that the primary trend remains bullish whilst above those levels
SPI Monthly and Weekly cycles
We all know that the month of MAY is often the time when markets hit highs and reverse down, so it's a no brainer...
The question is now whether Primary cycles hold Support?
Short-term there is resistance around 5065
& if they don't, then I already know where the next BUY zone is, using monthly cycle break and extend patterns, and hopefully so should you
