Australian Stock Market SPI futures 29th September 2012

" US markets begin next week with a 2-day reversal pattern, which drags the SPI lower, and instead of moving upwards the market goes looking for lower monthly support levels in the early part of October " ...

last weeks report

SPI Monthly and Weekly cycles

US markets did drop during the 1st two days last week, and in my opinion the trend in the Aussie is moving down into the monthly cycle Support levels @ 4279, along with the 4th Quarterly 50% level in October.

That view will be defined by the Weekly 50% level @ 4366...

and if the trend is going to continue higher in 2012, then those support levels in October are the best levels for that to happen from

SPI Futures 22nd September 2012

4389 is a major Primary trend line, and whilst this week has closed above it, along with bullish patterns appearing in Resource stocks...

The Trend bias on the Aussie stock market is to continue to trend towards 4800+

SPI Monthly and Weekly cycles

The SPI continues to trade above the key level @ 4389, however

it continues to butt its head against the random resistance levels in September.

Those levels will shift higher in October, allowing the market to move more freely upwards.

There are two patterns at play....

#1) remains above 4389 and continues up in the last week of the 3rd Quarter towards new highs in October

#2) US markets begin next week with a 2-day reversal pattern, which drags the SPI lower,

and instead of moving upwards the market goes looking for lower monthly support levels in the early part of October

SPI Futures Australian Stock Market 15th September 2012

SPI monthly and Weekly cycles

Trend bias is UP into the September highs (random resistance)...

4389 is a major Primary trend line, and whilst this week has closed above it, along with bullish patterns appearing in Resource stocks...

The Trend bias on the Aussie stock market is to continue to trend towards 4800+

SPI Futures Australian Stock Market Report:- 8 September 2012

SPI Monthly and Weekly cycles

Trend bias is UP towards the September highs...

However, 4389 continues to be a major resistance level in 2012.

Short-term:- the trend guide is the Weekly level @ 4369

along with the possibility that price tests the SUPPORT levels and Weekly lows before it breaks above 4389