Australian Stock Market SPI futures 5th December 2016

Primary & Weekly Cycles

 I continue to be bullish no matter who wins the Election on Tuesday, which is part of the 2016 lows and expectation the trend is heading towards the 2017 highs.

Therefore the November lows and the 4th Quarter level is seen as a major trend guide and support level for 2016 @ 5171 & the November lows @ 5128 (Previous Report)

There's not much more to say since the last time and every other time, the trend is heading up into the 2017 highs.

Australian Stock Market SPI futures 6th November 2016 Monthly Report

SPI Primary & Weekly Cycles

The only concern would be if price dips and finds support around 2109 but the next 5-days the market moves sideways. if that happens then there could be some weakness in the week of the 10th October. (Previous US S&P 500 Report )

Selling hit the market in the week from the 10th October going into the US election.

I continue to be bullish no matter who wins the Election on Tuesday, which is part of the 2016 lows and expectation the trend is heading towards the 2017 highs.

Therefore the November lows and the 4th Quarter level is seen as a major trend guide and support level for 2016 @ 5171 & the November lows @ 5128

Australian Stock Market SPI futures 3rd October 2016

SPI Primary & Weekly Cycles

There is a breakout of the Weekly lows that can see price continue down into this week's lows 

Therefore any move down into 5277 needs to see price back above 5327. (Previous Report)

As we can see there was a push downward and a move back above Yearly 50% level @ 5327.

Expectation that the Australian Market will continue higher into 2017 using the Yearly 50% level and October 50% level as support.

Australia Stock Market SPI futures 4th September 2016 Monthly Report

SPI Primary & Weekly Cycles

Trend bias is to continue higher using the Yearly 50% level as support @5327.

However, there is a breakout of the Weekly lows that can see price continue down into this week's lows @5277.

Therefore any move down into 5277 needs to see price back above 5327.

AUSTRALIAN STOCK MARKET SPI Futures 1st August 2016

if we subscribed to the Primary Cycle 'Dilernia Principle' of continuing higher for the rest of 2017. (Double Bottom Primary Cycle low in the 1st Quarter.

The best pattern would have been the month of MAY moving down into the 2nd Quarter 50% level and then heading higher in June, (Previous Report)

We have seen the price action place out precisely, with the market moving down into the 2nd Quarter 50% level, and then heading higher using the 3rd Quarter 50% level and the next THRUST pattern upwards.

There maybe random resistance around the August highs @ 5616-5633...

But we need to treat this market as a Primary trend that's heading upwards into 2017, using the expectation of it following the Principles within my books.

Australian Stock Market SPI futures 4th June 2016 Monthly Report

SPI Primary and Weekly Cycles

the Australia Market remains in a Bear Trend whilst it's below the yearly 50% level, however if we subscribe to the Dilernia Principles of Primary Trends we need to look for patters that suggest the trend will continue upwards into 2017, as part of this years lows. (Double Bottom)

  

Whilst the 2016 50% level may or may not stop the trend from rising, the APRIL 50% level is now seen as Support  (Previous Report)

There are conflicting patterns happening that it's hard to get an ideal set-up if we subscribed to the Primary Cycle 'Dilernia Principle' of continuing higher for the rest of 2017. (Double Bottom Primary Cycle low in the 1st Quarter.

The best pattern would have been the month of MAY moving down into the 2nd Quarter 50% level and then heading higher in June, but it's doing the opposite.

At the moment all we can do is trade Support, and that support resides around the Weekly lows and the June 50% level.

It's either going to hold or not.

Note:- there's a pattern in the S&P 500 to keep an eye on that will determine which direction the Australian Market will go, it called the 'No Control' Bar

SPI Futures Australian Stock Market 8th MAY 2016

SPI Primary & Weekly Cycles

Short-term target is the April high and the 2016 50% level :- Random Resistance.

Note:- the Australia Market remains in a Bear Trend whilst it's below the yearly 50% level, however if we subscribe to the Dilernia Principles of Primary Trends we need to look for patters that suggest the trend will continue upwards into 2017, as part of this years lows. (Double Bottom)

  

Whilst the 2016 50% level may or may not stop the trend from rising, the APRIL 50% level is now seen as Support  (Previous Report)

MAY highs and 2016 50% level stall the Australian Market, with the expectation that price is moving back down to retest the 2nd Quarter 50% level @ 5090

If the Australian Market is heading higher, this level needs to hold in MAY and continuer higher in June.

Keep an eye on the Weekly lows @ 5142, any breakout of these lows and treat the breakout as an Extend Pattern into next week's lows.

Australian Stock Market SPI Futures 16th April 2016

SPI Primary & Weekly Cycles

 

The Australian Market continues to move higher after an early dip at the start of April.

 

Short-term target is the April high and the 2016 50% level :- Random Resistance.

 

Note:- the Australia Market remains in a Bear Trend whilst it's below the yearly 50% level, however if we subscribe to the Dilernia Principles of Primary Trends we need to look for patters that suggest the trend will continue upwards into 2017, as part of this years lows. (Double Bottom)

 

Those who have read my book will know what I'm talking about.

 

Whilst the 2016 50% level may or may not stop the trend from rising, the APRIL 50% level is now seen as Support

Australian Stock Market SPI Futures 27/3/2016

SPI Primary & Weekly Cycles

 

If you’ve been following my posts for a while now you’d know that I was looking for 2016 Primary Lows as major support and then the month March as the next likely 'thrust' pattern upwards.

 It was either going to be the March lows or the March 50% level that was going to provide next the robust LONG set-up after those Primary Lows were reached, and as we can see it was the March 50% level that gave use the expected pattern.

If we subscribe to those same patterns repeating then the Australian Market should continue higher for the rest of the year, using the Weekly lows as support and the April Quarter 50% level and the trend guide:- next stop 5330

I’m confident in this happening, but be aware that everything is not 100%, and the start of April (another 5-days of trading) and a break of the weekly lows can change the rules of the game.

 

Australian Stock Market SPI Futures 28th February 2016

SPI Futures Primary & Weekly Cycles.

 

2016 lows continue to support the market, but we haven't seen price able to move above the February 50% level.

In fact, it's looking like it can make another move downward and test the MARCH LOWS, which has been my view for awhile now.

 

However, the next 5-days in US markets could see the S&P test the 2016 50% level (Read US Report)

Australian Stock Market SPI Futres 1st February 2016 Monthly Report

SPI Primary & Weekly Cycles

 

Along with similar moves in US markets, there's a good chance the BUYERS will begin to move into the markets next week, but it's WAY too early to be saying a NEW UP trend will occur, as it hasn't follow my TEXT BOOK bottom in MARCH, but it's a 'double bottom' nevertheless' (Previous Report)

These moves in the Primary Cycles are often very predictable. We've seen the expected 2-wave Primary cycle downward (Dilernia Principle) at the start of the year and we've seen the double bottom and buyers appearing around the lows.

However, even though it's playing out as expected, it's not a TEXT book pattern that screams BUY the market, because these lows should be occurring in March.

Therefore, it's more of a wait and see approach, and trade on the side of the February 50% level. If these are infact robust double lows, then price will need to consolidate above the FEB 50% and then continue upwards in March using the same dynamic 50% level.

Australia Stock Market SPI futures 16th January 2016

Australia Stock Market ASX 200 Primary Cycles

 

TEXT BOOK sell-off in the Aussie market at the start of January, and we now have both the Australian Markets and US markets in synch. These SELLOFFS at the start of 2016 have all the hallmarks of forming a Double Bottoms around the 2016 Yearly lows.
 I've been calling this downtrend into MARCH lows as the next time to move into LONG positions, which coincide with the 2016 support zone

 

Text book Break & Extend pattern (Dilernia Principle) from the 3rd Quarter breakout into the 1st Quarter Target of 4751 will complete most likely on Monday Morning.

 

Along with similar moves in US markets, there's a good chance the BUYERS will begin to move into the markets next week, but it's WAY too early to be saying a NEW UP trend will occur, as it hasn't follow my TEXT BOOK bottom in MARCH, but it's a 'double bottom' nevertheless

 

However, there's a pattern in US markets (READ US Report) that might stop January rising to quickly.

Australian Stock Market SPI Futures 9 January 2016 Update

Australian Stock Market Primary Cycles

 

Before continuing to read the rest of the report, please read the US market report. (click Link)

 

http://www.usindexweekly.blogspot.com.au/2016/01/s-500-e-mini-futures-9-january-2016.html

 

 

TEXT BOOK sell-off in the Aussie market at the start of January, and we now have both the Australian Markets and US markets in synch. These SELLOFFS at the start of 2016 have all the hallmarks of forming a Double Bottoms around the 2016 Yearly lows.
 

In conclusion:- I've been calling this downtrend into MARCH lows as the next time to move into LONG positions, which coincide with the 2016 support zone

 

Those LONG positions can be validated using patterns clearly described in my book. MARKET TRADING MARKET TIMING 'Time Price Support Resistance.

 

If it's a robust Support zone, then next UP leg should be taking out the February highs in late MARCH early April

Australia Stock Market SPI futures 1st January 2016 Monthly Report

Australian Stock Market Primary Cycles 2016

The start of the new year brings in the new Primary Cycles for 2016.

We are still in a Primary 'Bear Market' and will continue to live in a Bear Market whilst price remains  below the 2016 50% level.

As you're aware I'm looking for a new wave downward into the 2016 yearly lows, as part of the 2-period timeframe wave cycle, as described in my book.

I have seen markets before kick upwards at the start of the new year, as price closes right in the middle of the NEW year 50%, but that doesn't fit in with the 'Principles' I follow.

If we look at commodities markets they are following the same bear trends and heading lower in the new year(Read Gold Report).

In conclusion:- if the bear trend follows my 'Principles' and the Australian Market is hitting 4700, especially in MARCH then it's probably time to re-enter the market.

NOTE: US Markets aren't showing the same bear pattern trends (Read US Report)