Australian Stock Market - SPI Futures 1st August 2020


Australian Stock Market

The Aussie Market looks terrible compared to the S&P 500, but it still should continue higher to at least the Yearly 50% level, which should coincide with the S&P 500 forming a double top (Read US Report) 

Once that happens, we could begin to see the start of another move downward.

Some early weakness next week but the August lows and Yearly Lows most likely support the market.