SPI futures Australian Stock Market 25th February 2012

SPI Monthly and Weekly cycles

My view was that the SPI would drift lower, whilst US markets continue to push higher.

Instead the Australian Stock market has moved back towards the 1st quarterly 50% level @ 4292 once again and stalled

Next Week:- the trend may continue to push upwards, and follow the Weekly cycles, and may even move towards the monthly highs in March

however, I still form the opinion that the Australian Market will continue to BUTT its head around these levels, and if it's going to continue upwards...

Then the 2nd quarterly 50% level @ 4127 form provide the perfect Support zone

SPI futures Australian Stock Market 18th February 2012

If US markets begin to rotate downward (READ S&P 500 Weekly report)

the Australian stock market will be under pressure to move down towards support levels over the coming weeks.

The critical level will be next week's 50% level, along with the February 50% level

S&P Monthly & Weekly cycles

The Australian Market has been under pressure...

and may continue until it reaches the lower support levels within the current Quarter

Even though US markets push higher.... the Australian stock market has a different Primary cycle (bearish)... and whilst it's below the Monthly 50% levels...

the trend bias is to drift lower.

next weeks trend guide @ 4172

SPI futures Australian Stock Market 11th February 2012

My view is that the Australian Market will butt it's head against the 1st quarterly 50% level

Whilst the February 50% level will determined how stable this trend.

SPI Monthly and Weekly cycles

The Australian Stock market has continued to BUTT its head around the 1st Quarter 50% level, whilst US markets continue to push higher.

If US markets begin to rotate downward (READ S&P 500 Weekly report)

the Australian stock market will be under pressure to move down towards support levels over the coming weeks.

The critical level will be next week's 50% level, along with the February 50% level

SPI Futures Australian Stock Market 4th February 2012

SPI Monthly and Weekly cycles

The Australian Market continues to rise, but mainly helped by the bullish patterns in US markets.

My view is that the Australian Market will butt it's head against the 1st quarterly 50% level & Weekly highs...

Whilst the February 50% level will determined how stable this trend.

Sure the market can move as high as the monthly highs @ 4417, but I would be more confident in that happening if the Australian Market was already trading above the Quarterly 50% level at a lower level...

not where is it now:- 4292