S&P 500 Primary & Weekly Cycles
S&P 500 reached 2006 but it didn't stop the upward trajectory, as it continues to follow the trends within the Weekly cycles and now price is consolidating above the 2016 50% level.
You can compare the price action in the Australian Stock Market and come to the conclusion that the trend is going to continue higher in 2016.
The most robust patterns for it going higher is...
1. remain above the Weekly 50% level as it trends up towards the April highs 2096-2113
2. moves quickly down in the 1st week of April and finds support off the Weekly lows and the April 50% level @ 1980
3. Above the 2016 Yearly 50% level
4. The Australian Market
