Normal
The Australian Market moved straight down into lower low afterselling down from the Primary 50% level @ 6238...First time innearly 5 years that price has been below this level...SPI has moved down into January lows this week, with an expectationthat there is about another 300-400 points down in this Quarterlytimeframe...However:- my expectation is that around January lows will find some support, and move into another Weekly sideway pattern before heading downing in the forward month....Same analysis used on the way up, as each monthly timeframe providesand road map:- support and resistance, and looking to do the same on the way down....Weekly Index reports have been updated.......
The Australian Market moved straight down into lower low after
selling down from the Primary 50% level @ 6238...First time in
nearly 5 years that price has been below this level...
SPI has moved down into January lows this week, with an expectation
that there is about another 300-400 points down in this Quarterly
timeframe...
However:- my expectation is that around January lows will find
some support, and move into another Weekly sideway pattern
before heading downing in the forward month....
Same analysis used on the way up, as each monthly timeframe provides
and road map:- support and resistance, and looking to do the same on
the way down....
Weekly Index reports have been updated.......
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