SPI Primary & Weekly Cycles
I have the view that the Australian Market will continue up to the 2021 highs and not visit the 2021 50% Primary level @ 6019
SUPPORT - 6375/ 6395
Australian Stock Market - SPI Futures 4th Jan 2021 Monthly Report
SPI FUTURES PRIMARY AND WEEKLY CYCLES
Everything points to more gains in early January towards the 2021 highs, and then I would think it's the start of a multi-year rally based on the Primary Cycles.
However, around those January highs, there is a potential to retest the Yearly 50% level, this would coincide with the S&P 500 (read report) following the same reversal pattern from the 2021 highs.
Subscribe to:
Posts (Atom)
