The uptrend holds for a 13th week. All previous resistance levels have been broken and the market looks for the next direction. The short term daily stop for Monday is 5235 and the weekly stop is 5228 confirming the current levels in the market to be a critical pivot point for the medium term direction of the market. The important supports for next week are 5220 and 5206. Upside resistance is limited and a break of last weeks high will see another breakout above 5300. AUDUSD has retested the 0.932 peaks and is back at the 0.923 pivot. SP500 is trading up against the 1690 resistance and also looks for a medium term direction.
he market has broken out and this week will be important for the medium term direction of the markets. Futures expiry on Thursday will see volume increases as positions are rolled to December.