The uptrend has held for a 10th week. The market remained flat as the uptrend stop was tested for a second week in a row. Volumes remained low and sellers waited for another week. Resistance at 5125 and 5145 continues to hold any upside and we continue to expect the peak from a fortnight ago to hold. AUDUSD is poised to test the 0.884 lows and International markets focus on SP500 as it continues to look for 1600. The flat trend and limited upside indicates a neutral position and we wait for the long established supports to fail.

Bulls continue to hold gains and supports will continue to be tested. A close above 5071 next week will continue the trend. The 11th week of the uptrend shows no resistance above 5126 and break of this level will target a new peak.