S&P 500 Primary & Weekly Cycles
KEEP AN EYE ON AUSTRALIAN FUTURES AROUND 6775 THAT MAY CORRESPOND WITH THE JULY HIGHS IN THE S&P 500
THERE MAY BE TOPS IN THE MARKET AROUND THESE HIGHS.
S&P 500 tops out when the Australian Market reached 6775.
There's still an expectation that US markets will go higher into 2020, but it's not as clear compared to the Australian Market.
The big difference is the price action around the Yearly highs. Whilst the Aussie market is above the highs and being supported, the US martkets are not.
That could change with the start of September being above the 50% level,
Trend Guide is - 2894-2912 (SEPT 50% & Yearly highs)
Support levels @ 2743
