Gains in the index continue to be hard earned. The market was flat early in the week with all the gains happening on Friday. The 7th week of the uptrend starts like the previous 3 with the daily report indicating limited upside early in the week. The support and resistance levels show an increase in volatility is likely and a bigger move in the market should be seen. Indications are a peak in the markets remains overdue. The AUDUSD has seen a sell off with the predicted 0.933 level holding. SP500 has broken above the key 1700 level and waits for direction.

Bulls continue to hold gains and supports remain solid.