AUSTRALIAN STOCK MARKET SPI FUTURES
PRIMARY & WEEKLY CYCLES
Resistance next week around these 2 levels 5868 & the March lows @ 5980
They are predicting it's going to get worse over the next 4 weeks with a Peak around MAY June, therefore there is expected weakness into 2021 for long terms buys.
In the Short-term I would think a bit of A....
Resistance below the 2020 lows and now breaking the 100% range at 5021.
I would read the US REPORT (S&P 500), to get a better idea, that even though it's below 5021, I'm expecting a counter-trend rally in April of 50% of the range from the Highs in January Highs and the new lows that will be set soon.
However, LONG TERMS BUYS REMAIN IN 1st QUARTER LOWS in 2021, as I'm expecting more weakness from JUNE.
