SPI YEARLY AND PRIMARY CYCLES
Going higher into 2023, it's just whether there is a pullback into the monthly 50% levels before that happens, instead of a straight up move.
AUSTRALIAN STOCK MARKET - SPI FUTURES 6TH NOVEMBER 2022
SPI SECONDARY & PRIMARY CYCLES
We didn't get the move down into the November lows for the swing, but instead a rise on the back of the S&P500.
I continue to be bearish based on the price action in the S&P 500, however the SPI looks to be rising into the 2022 50% and also the November highs, which is seen as resistance.
Read the S&P 500 report
AUSTRALIAN STOCK MARKET SPI FUTURES 1ST OCTOBER 2022 MONTHLY REPORT
AUSTRALIAN YEARLY AND PRIMARY CYCLES
Expectation that price will at least move down to the October lows and also the 4th Quarter lows, on the back of the price action in the SP500 (read the report)
That's the down target, but not necessarily the lows in this bear trend, as I'm expecting further weakness into the 1st Quarter of 2023
AUSTRALIAN STOCK MARKET SPI FUTURES 5TH SEPTEMBER 2022 MONTHLY REPORT
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.
AUSTRALIAN STOCK MARKET 7TH AUGUST 2022 MONTHLY REPORT
AUSTRLIAN MARKET PRIMARY CYCLES
July pump on the back of the S&P 500.
I expect more gains going into the end of August 2022 50% level - minimum move. 7203
Bullish move all the way to 7524.
Best to read the S&P 500 report to get a gauge on my view going into the end of the year
AUSTRALIAN STOCK MARKET SPI FUTURE 2ND JULY 2022
AUSTRALIAN STOCK MAKRET YEARLY AND PRIMARY CYCLES
All eyes on the US markets, (Read S&P 500 Report).
If there is a July Rally, then Target is the 2022 50% level (take the money and run)
Currently holding the 2022 lows.
Extension in the 3rd Quarter is down to 6,064
However, it wouldn't surprise me to see a July Pump, and then a larger sell off in the latter part of the 3rd Quarter down to those lower levels
AUTRALIAN STOCK MARKET - SPIT FUTURES 5TH JUNE 2022
SPI YEARLY AND WEEKLY CYCLES
Really thought price would hit the MAY lows at the same time the S&P 500 hit it's Yearly lows. (Read US Report)
Australian Market holding up well on the back of Commodities and back above the yearly 50% level.
By the look of the price action, it's either going to continue higher, or move into a sideways pattern into the start of the 3rd Quarter.
All eye on the US MARKETS
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