SPI Monthly and Weekly cycles
Most of the timeframe cycles remain bearish, as they are trading below the 50% levels.
And the only thing supporting the market was the S&P 500, which formed support and continued higher (read US Index report), allowing the Aussie market to remain stable.
with a shortened week (next Week), I'm not sure how the market will play out, but the close of next week will set-up the new Primary and Secondary cycles, which will play an important role, as illustrated with the 1st Quarter 50% level.
