AUSTRALIAN STOCK MARKET
My entire view for the rest of 2022 was based on what would happen after the S&P 500 had retested the break of 4287...
And as we we have seen (read S&P500 Report), it retested 4287 and was rejected heavily.
My view now is that, September has some support, but there is a larger downtrend in the 4th Quarter that I believe will happen, dragging the Aussie Market, as well as #Bitcoin lower
If that's the case, then expectation price will be around 6076 (or 4th Quarter lows) and then slightly more downside in early 2023 to bottom out.
Short-term, could be an early rise up into 6921 to retest last week's break.
