Australian Stock Market SPI Futures 1st September 2013

SPI Primary cycles & Monthly cycles

Primary cycles suggest the trend will continue higher into the 2014 Yearly highs, as part of the Dilernia Principle "break & extend pattern.

We can now see Future Support move upwards in September, and if the trend is going to continue higher, then I would expect a drift downward into this level and then push upwards over the next 3-6 months.

I could be wrong, but SUPPORT resides around 4921-54

Australian Stock Market SPI Futures 3rd August 2013

SPI Primary & Monthly cycles

As noted in the previous Report, the Primary cycles has seen price close above 5069 on a Friday, swinging the cycle around to a BUY.

The previous BUY zone at 4796, has now been replace with 4921, which is seen as support for a continuation of the Primary cycles towards new highs in 2014.

Note:- Monthly cycles suggests the trend can continue up into August at 5153 before it reverses back down into 4921.