AUSTRALIAN STOCK MARKET PRIMARY AND WEEKLY CYCLES.
Whilst below the yearly 50% level, it's in a BEAR MARKET @ 7116.
However, in the month of March, it's above the March 50% level, and if it remains above this going into April, then we can see a move towards the 2022 highs later in the year., or the back of commodities.
The exact opposite if below the 2022 50% level and APRIL, as the 1st Quarter is currently support the down trend (Yellow), but can form resistance in April - June.
Then you would be sitting it out until the 2022 lows are reached later in the year and potentially and dip further in 2023.
