Australian Stock Primary & Weekly Cycles
Price did stall around the August highs, but the S&P 500 has still to reach it's own 3rd Quarterly highs, which might happen next week.
Based on that scenario, we could get a quick run in the Australian Market up to the 3rd Quarterly highs at 7750, before any potential reversal happening.
If there is a reversal, is it going to be much?
Read the S&P 500 for an expectation that the trend is going to continue higher into the 1st Quarter of 2022.
Therefore, if price is back down into the Weekly lows (September 50% level) around the 3rd week of September, then we look for a potential last week of the month for the trend begin another leg up and into the new higher highs into the 4th Quarter.
