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
S&P Monthly & Weekly cycles
The Australian Market has been under pressure...
and may continue until it reaches the lower support levels within the current Quarter
Even though US markets push higher.... the Australian stock market has a different Primary cycle (bearish)... and whilst it's below the Monthly 50% levels...
the trend bias is to drift lower.
next weeks trend guide @ 4172
