SPI Primary and Weekly cycles
Expectation that the Australian market will continue to push upwards in the current cycle.
As long as it remains above 4607, the trend bias is to follow the Weekly cycles towards the Weekly highs and the July 50% level.
As per previous Weekly reports:- the current reversal upwards from the Primary support level @ 4442 has a bias to continue higher:- 4721 to 4804 during the current Quarter.
