The Australian Stock Market - SPI Futures - 5th August 2018

SPI Primary & Weekly Cycles

TArget in 2018 - 6437

If it's going hit those highs, it will need to form support above the 2018 highs @ 6155

However, past  Primary cycles has seen resistance around the .618 of the range @ 6223

Support
Weekly Lows and July 50% level (don't trade longs below) @ 6008 (previous Report)


The Market continues higher and now forming support above 6155.

I'm still bullish for a move to 6437 but there's a bit of resistance around these  upper levels

Weekly lows have now moved higher into the August 50% level.

Even though I'm still bullish, don't trade long below @6145