Whilst the February 50% level will determined how stable this trend.
SPI Monthly and Weekly cycles
The Australian Stock market has continued to BUTT its head around the 1st Quarter 50% level, whilst US markets continue to push higher.
If US markets begin to rotate downward (READ S&P 500 Weekly report)
the Australian stock market will be under pressure to move down towards support levels over the coming weeks.
The critical level will be next week's 50% level, along with the February 50% level
