Australian Stock Market SPI Futures 28th February 2016

SPI Futures Primary & Weekly Cycles.
 
2016 lows continue to support the market, but we haven't seen price able to move above the February 50% level.
In fact, it's looking like it can make another move downward and test the MARCH LOWS, which has been my view for awhile now.
 
However, the next 5-days in US markets could see the S&P test the 2016 50% level (Read US Report)