AUSTRALIAN STOCK MARKET SP FUTURES 30TH JUNE 2019 REPORT

SPI PRIMARY & WEEKLY CYCLES

STOCK MARKET LOOKS TO BE MOVING TO THE 100% RANGE AT 6775.

IT CAN MOVE UP EARLY AT THE START OF THE 3RD QUARTER, IN JULY
OR
IT CAN MOVE DOWN INTO THE JULY 50% LEVEL, WHICH IS ABOVE THE YEARLY HIGHS AND THEN GO HIGHER

IN CONCLUSION

THE MARKET IS GOING HIGHER UNTIL 2020

HOWEVER, WHEN IT HITS 6775, I WOULDN'T WANT TO BE HOLDING LONGS, AS IT RARELY SPENDS MUCH TIME ABOVE THIS LEVEL IN THE PRIMARY CYCLE

6775 IS A LEVEL YOU WOULD LOOK FOR SET-UPS TO CAPTURE SHORTS FOR REVERSALS INTO LOWER LEVELS, AS PART OF A TREND THAT'S GOING HIGHER.

AUSTRALIAN STOCK MARKET - SPI FUTURES 9th June 2019

SPI Primary & Weekly Cycles

BULLISH towards the 100% level in the Primary cycles @ 6775

Random resistance in JUNE @ 6542

Support June 50% level 6337 (& yearly highs @ 6262)