SPI Primary & Weekly Cycles
The Australian Market continues to move higher after an early dip at the start of April.
Short-term target is the April high and the 2016 50% level :- Random Resistance.
Note:- the Australia Market remains in a Bear Trend whilst it's below the yearly 50% level, however if we subscribe to the Dilernia Principles of Primary Trends we need to look for patters that suggest the trend will continue upwards into 2017, as part of this years lows. (Double Bottom)
Those who have read my book will know what I'm talking about.
Whilst the 2016 50% level may or may not stop the trend from rising, the APRIL 50% level is now seen as Support
