AUSTRALIA STOCK MARKET - SPI FUTURES 4TH JULY 2021




AUSTRALIAN STOCK MARKET

The Market has completed its break and extend pattern from 2020 and into the 2021 highs, around the June highs.

I personally wouldn’t want to be adding long positions around these highs, however, the July 50% level and weekly lows could end up supporting price throughout July and then break higher in August/September. (Another Primary breakout)

Below July 50% level and the July lows would be a better place to be adding.

READ S&P 500 Report, 

for a better idea on overall markets and Secondary Trends (Quarterly)