Australian Stock Market - SPI Futures 5th December 2021

 

SPI Primary & Weekly Cycles.

Below the December 50% level is not in a good position, but the direction of the Australian  Market will be dictated by what occurs in the US markets.

Read S&P 500 Report 

S&P 500 Market Weekly Report: S&P 500 E-mini Futures 5th December 2021 (usindexweekly.blogspot.com)

 The Australian Market will follow a similar path, and if it does move lower, then it can dip down as far as 6778 - 4th Quarter

or

Zig- Zag into the end of the Year, as it aligns with the 2022 50% level, for an attempt to new highs in 2022