Using 4221 as support.
SPI Weekly and Daily cycles…Early support from 4221 and a rise of 42 points + (84 points primary range)
However, the August lows once again stall the trend from rising higher. (Wednesday @ 4319)
As per Weekly report....
"Next week begins the 3rd Week, and if it follows last week’s report,
then the market should continue to rally upwards over the first 3-4 days.
This is part of retesting the previous weekly breakout @ 4321, and could
be as high as 4404 by next Thursday. (#C)"
The SPI has now completed its 3-day up move, as part of retesting the previous weekly breakout @ 4321, and If the SPI is going to be around 4404 by Thursday, then US markets need to follow a similar pattern and continue upwards on the 3rd day.
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