Australian Stock Market - SPI Futures 3rd September 2018

SPI Futures PRIMARY & WEEKLY CYCLES

Price looking to reach the 2018 highs @ 6437

Current Support @ 6220  (September 50%)

Once it reaches those highs, my expectation is that there will be a lot of resistance around that level.

However, I still think the trend is still going higher until 2020-2021.

Therefore it may stall, but any weakness is short-term (2-3 months) into trailing support levels.

Keep an eye on the S&P 500 (read report)