SPI Primary & Weekly Cycles
If you’ve been following my posts for a while now you’d know
that I was looking for 2016 Primary Lows as major support and then the month
March as the next likely 'thrust' pattern upwards.
It was either
going to be the March lows or the March 50% level that was going to provide next the
robust LONG set-up after those Primary Lows were reached, and as we can see it was the March 50% level that gave use the expected pattern.
If we subscribe to those same patterns repeating then the
Australian Market should continue higher for the rest of the year, using the
Weekly lows as support and the April Quarter 50% level and the trend guide:-
next stop 5330
I’m confident in this happening, but be aware that everything
is not 100%, and the start of April (another 5-days of trading) and a break of the weekly lows can change the
rules of the game.
