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)