SPI Primary & Weekly Cycles
Currently the Australian Market is trading above the Yearly 50% level, but it might take a number of weeks for the volatility to subside, as the Weekly lows creep upwards and is used for support for the next move upwards in Late March, Early April
I still favour a rise up into 2020/21, so bullish for another 2 years.
The patterns in the secondary cycles weren't lining up in their usual precise manner, but if you understand the PRIMARY CYCLES there is a bias for the market to continue higher into 2020/21.
We did see the rise begin in early APRIL, but it wasn't until it consolidated above the April 50% level and yearly 50% level that it took off.
Any weakness in MAY and treat the 2018 Yearly 50% level as support, with the expectation that Markets will continue to rise.
