Australian Stock Market - SPI Futures 4th Jan 2021 Monthly Report

 

SPI FUTURES PRIMARY AND WEEKLY CYCLES

Everything points to more gains in early January towards the 2021 highs, and then I would think it's the start of a multi-year rally based on the Primary Cycles.

However, around those January highs, there is a potential to retest the Yearly 50% level, this would coincide with the S&P 500 (read report) following the same reversal pattern from the 2021 highs.