A powerful cluster of Gann-theory derived targets exist at or near 12189, says Warren Firth at www.globalprimepartners.com.au.
I believe the index is destined to head for this level before starting its next leg upwards. On a subsequent move through 12740, the targets become 12940 and then 13870. For longer-term speculators, the objective is 14500. Buy on a fall to 12189.