Australian Stock Market 29th March 2013

SPI Monthly & Weekly cycles

"As illustrated in previous Weekly reports, the Monthly support levels (RED) often provide a robust entry level during current Quarterly cycle & up into new highs in forward Quarterly highs:- 3-6 month trend Current Support resides around 4864"

New Quarter and Support now resides @ 4904...

And if you believe the trend is going to continue higher, then #A is the pattern will confirm it, helped by a 5-day high breakout the week after next.

The Australian March (SPI Futures) 23rd March 2013

SPI Monthly & Weekly cycles

As illustrated in previous Weekly reports, the Monthly support levels (RED) often provide a robust entry level during current Quarterly cycle & up into new highs in forward Quarterly highs:- 3-6 month trend

Current Support resides around 4864

A break of the same Monthly Support level will put pressure on the trend to drop further, until the same pattern appears into the forward Quarterly cycle providing the next long-term entry level.

Short-term trend will be decided by the Weekly level @ 4974 (random Support)

The Australian Stock SPI Futures 16th March 2013

SPI Weekly cycles

Trend bias is UP into the MARCH highs @ 5187, and probably extend up into the future highs in APRIL, as part of the Quarterly break-n-extend pattern into the 2nd Quarterly highs

any Resistance or Selling pressure around the MARCH highs, and the Weekly lows are seen as Support for the trend to complete the move upwards @ 4980

Australian Stock Market SPI futures 9th March 2013

SPI Weekly cycles

Target MARCH highs @ 5187

Multi-day Support within the Weekly cycles @ 5091

SPI Futures Australian Stock Market 2nd March 2013

SPI Monthly and Weekly cycles

Current Primary trend is extremely bullish, that can now continue for the next 2years.

Trend bias is to continue up towards the March highs.

Any short-term weakness has robust support around the March 50% level @ 4867