Australian Stock Market - Primary and Weekly Cycles
The Australian Stock Market completes its 4 year cycle highs in 2020.
I personally wouldn't be looking to BUY long term unless there's a decent downtrend to at least the Yearly lows ( 2 year lows)
However, the Yearly 50% level @ 6375 - 6320 could & should provide some Support in the first 2 quarters of 2020.
The February 50% @ level is the trend guide on further weakness @ 6835
Note - there could be further upside, as US markets haven't reached their own 2020 highs that will help confirm the completion of the 4 year cycles, however for Aussie stocks, it's now sit and wait (READ US REPORT)
Better to be trading on the long side of Cryptos
