SPI Monthly and Weekly cycles
The market has acted as expected and remain below the 1st Quarterly 50% level @ 4292, and test Support @ 4140.
My view is that the trend will continue to move upwards over the coming weeks, and that will be decided by next week's 50% level @ 4229.
However, it would not surprise me to see the market remain flat until the start of the 2nd Quarter (April), and the Aussie market gets a better Thrust pattern upwards using the 2nd Quarterly 50% level (yellow)
Note:- a continuation upwards will be helped by potential patterns in US markets (Read S&P 500 Weekly report)
