continue to move upwards, then the Australian Market will try its
best to move upwards, as part of larger move towards the
1st Quarter 50% level ;- 4295
The first sign will be price trading above the Weekly 50%
level @ 4118....... Previous Weekly Report
SPI Monthly & Weekly cycles
The Australian Market continued higher, stalling at its Weekly highs @ 4182.
As long as the S&P & DOW remain stable, as part of a move towards their own January highs...
The Australian market will try it's best to move towards the 1st Quarterly 50% level @ 4295.
My view is that the Australian Market will struggle to move beyond 4295 during the current Quarter.
Short-term:- 4164 will be the trend guide on whether the market continues higher
or dip back down into the Weekly 50% level @ 4102, which is seen as support
