SPI Primary & Monthly cycles
As noted in the previous Report, the Primary cycles has seen price close above 5069 on a Friday, swinging the cycle around to a BUY.
The previous BUY zone at 4796, has now been replace with 4921, which is seen as support for a continuation of the Primary cycles towards new highs in 2014.
Note:- Monthly cycles suggests the trend can continue up into August at 5153 before it reverses back down into 4921.
