SPI Futures Primary and Weekly Cycles
The Australian Market like the US markets are trading in narrow band around their respective 2017 Yearly highs.
The long term target remains the 100% range at 6351 in 2017.
However we are coming into the month of May that often sees selling hit the market.
Therefore resistance 6026/48
Trailing support the monthly lows in May and the double bottom lows in June.
In conclusion:- there's more upside and we're hoping that selling hits the markets so we can buy the dips
