AUSTRALIAN STOCK MARKET.
It's going to have a hard time breaking those 2021 highs (August also), the closer the S&P 500 gets to the 3rd Quarter Highs.
READ S&P 500 Report
AUSTRALIA STOCK MARKET - SPI FUTURES 4TH JULY 2021
AUSTRALIAN STOCK MARKET
The Market has completed its break and extend pattern from
2020 and into the 2021 highs, around the June highs.
I personally wouldn’t want to be adding long positions
around these highs, however, the July 50% level and weekly lows could end up
supporting price throughout July and then break higher in August/September. (Another
Primary breakout)
Below July 50% level and the July lows would be a better
place to be adding.
READ S&P 500 Report,
for a better idea on overall markets and Secondary Trends (Quarterly)
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