SPI futures Australian Stock Market 28th January 2012

Trend bias is to follow the Weekly cycles upwards, and complete the
 move into the first Quarter 50% level @ 4295

Previous Weekly report

SPI Monthly and Weekly cycles

The Australian Stock market is moving up into the 1st quarterly 50% level @ 4295, which I see as resistance.

However, when we read the US index report, there is a potential 2-month wave pattern towards the February highs.

If the SPI is going to continue higher, then it's on the back of the S&P 500 moving towards 1356.

if the SPI is going to stall and reverse down...

then the S&P 500 will stall after completing of the break and extend pattern, and then begin to rotate down towards it's own February 50% level.

Either way, the Australian market counter-trend move upwards during the first Quarter is about to complete its first stage.

SPI futures Australian Stock Market Report 21st January 2012

SPI Monthly and Weekly cycles

Trend bias is to follow the Weekly cycles upwards, and complete the move into the first Quarter 50% level @ 4295

The move towards 4295 will be helped or hindered by the price action in US markets over the next 5-days (Read US Index report)

If there is any weakness over the next 5-days, my view is that the trend will then push upwards once again at the start of the new month and continue towards the new February highs, as part of a 2-month wave pattern during the first Quarter.

Note:- 4295 remains my resistance zone for the first quarter

SPI Futures 14th January 2012 Weekly report

The January 50% level is supporting the trend, and if US markets
continue to move upwards, then the Australian Market will try its
best to move upwards, as part of larger move towards the
1st Quarter 50% level ;- 4295

The first sign will be price trading above the Weekly 50%
 level @ 4118.......   Previous Weekly Report

SPI Monthly & Weekly cycles

The Australian Market continued higher, stalling at its Weekly highs @ 4182.

As long as the S&P & DOW remain stable, as part of a move towards their own January highs...

The Australian market will try it's best to move towards the 1st Quarterly 50% level @ 4295.

My view is that the Australian Market will struggle to move beyond 4295 during the current Quarter.

Short-term:- 4164 will be the trend guide on whether the market continues higher

or dip back down into the Weekly 50% level @ 4102, which is seen as support

SPI Futures 7th January 2012 Weekly Report

The Primary cycles in the Australian Market suggests that the trend will continue down, however the S&P 500 Primary cycle suggests upside.


Therefore it won't take much for price to move above the January 50% level @ 4088 and swing back towards the Weekly highs, and then the 1st Quarter 50% level @ 4250 to 4292

SPI Monthly and Weekly cycles..

US markets continue to move higher, and as seen with the Australian market this week, it didn’t take much for price to move above the January 50% level @ 4088.


Currently the monthly 50% level is supporting the trend, and if US markets continue to move upwards (Read US Index report), then the Australian Market will try its best to move upwards, as part of larger move towards the 1st Quarter 50% level.

The first sign will be price trading above the Weekly 50% level @ 4118.

As quickly as it has moved above the Monthly 50% level, it can just as quickly move back below it, as the larger cycles continue to suggest further weakness.

Australian Stock Market SPI Futures 31st December 2011

SPI Primary cycles

The Primary cycles in the Australian Market suggests that the trend will continue down towards the lower levels in 2012, which will once again be long term BUY zones for stocks.

However, in the S&P 500 (read US Index report), the same bearish patterns aren't showing, as the trend will begin the new year above its own higher timeframe 50% levels.

That means that the Australian market could move up towards the higher timeframe 50% levels (1st Quarter) and the Yearly 50% level @ 4389 and BUTT its head against those levels for awhile....(3-6 months)

continue below....

SPI Monthly and Weekly

All the lesser timeframe cycles are bearish, and remain bearish as long as the trend remains  below the monthly 50% levels.

But as we can see, it won't take much for price to move above the January 50% level @ 4088 and swing back towards the Weekly highs, and then the 1st Quarter 50% level @ 4250 to 4292

Helped by the S&P 500 remaining above its Critical Support level @ 1235.75

Australian Stock Market SPI futures 24th December 2011

SPI Monthly and Weekly cycles

Most of the timeframe cycles remain bearish, as they are trading below the 50% levels.

And the only thing supporting the market was the S&P 500, which formed support and continued higher (read US Index report), allowing the Aussie market to remain stable.

with a shortened week (next Week), I'm not sure how the market will play out, but the close of next week will set-up the new Primary and Secondary cycles, which will play an important role, as illustrated with the 1st Quarter 50% level.

SPI futures Australian Stock Market 17 December 2011

we begin to focus on whether there is a late move up towards the December highs over the next few weeks.

Weekly 50% level Trend guide.

SPI Monthly and Weekly

No late move towards the December highs, as the SPI failed to remain above the Weekly 50% level @ 4204.

Price action has gone from remaining stable & consolidating to WEAK, coming into the end of 2011, as price is now below the December 50% levels

And unless it's back above the Weekly 50% level @ 4181

2012 doesn't look like it's going to start well. (chart Below)

SPI Primary cycles

 All trends originate from higher trimeframe 50% levels, and if it the current patterns follow the same expectation....

Then 2012 can move lower than the current 2011 lows