SPI Primary & Weekly Cycles
The Market is likely to hit resistance around the 2018 highs, just like it did in 2017 because the US markets need to pull back.
I'm expecting more gains in 2018 so any pullback is the perfect time to get back into the Market.
Not sure it will get as low as the 2018 50% level @5877, but if it does jump right back in! (Maybe MAY 2018)
There's more upside in the SPI, as it still has to complete the 2017 breakout and reach the 2018 highs
And we can see that Price wants to do just that, as it remains above the February 50% level, which will define the trend during this month
However, have a read of the S&P 500 report and we can see a different picture that could introduce a lot more volatility in the market overnight.
Whilst the SPI tries to move upwards during the day, (above the FEB 50%), US markets are looking to move lower into Support levels.
