SPI Primary & Weekly Cycles
Major resistance 6262, aligns with the Quarterly & Yearly highs.
6262 & 6383
It's like a parabolic rise since the December lows, that I would think it needs to revisit the March 50% level or even the Yearly 50% level sometime in May / June before it goes higher into 2020-21 (Previous Report)
The Market hit resistance @6262 and retested the Weekly lows.
I think it's going to move higher once again in the short-term.
However, we want to see Markets come under pressure from MAY, so that it can retest the Yearly 50% level, which is our next BUY zone for another move higher into 2020
If weakness comes late in the 2nd Quarter, then the 3rd Quarter support levels move higher.
Expectation there will be higher highs by the end of this year and the start of 2020, so we want to be buying the dips.
(Read Book - long term investing/accumulation)
