Australian Stock Market Report - SPI Futures 29 February 2020

SPI Primary & Weekly Cycles

The Australian Stock Market completes its 4 year cycle highs in 2020.

I personally wouldn't be looking to BUY long term unless there's a decent downtrend to at least the Yearly lows ( 2 year lows)

However, the Yearly 50% level @ 6375 - 6320 could & should provide some Support in the first 2 quarters of 2020. Previous Report

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Selling hit Global Markets once the US markets completed their 2020 highs and we can now see a retrace into the 2020 50% level, which is now supporting price.

There is a break and extend pattern in the Weekly cycles, that could see price push down into 6120 and as far as 5980, however I think there should be support and short-covering this week.

It will be hard to see it going higher than the MARCH 50% level and February lows @ 6564  - Retest of the Break down - RESISTANCE.

At this stage there is no reason to be buying into the Market for BUY & HOLDS, otherthan short-term volatility on the upside into Resistance levels

Next Long Term buy is the 2021 Lows

SPI Futures Australian Stock Market 2nd February 2020 Monthly Report

Australian Stock Market - Primary and Weekly Cycles

The Australian Stock Market completes its 4 year cycle highs in 2020.

I personally wouldn't be looking to BUY long term unless there's a decent downtrend to at least the Yearly lows ( 2 year lows)

However, the Yearly 50% level @ 6375 - 6320 could & should provide some Support in the first 2 quarters of 2020.

The February 50% @  level is the trend guide on further weakness @ 6835

Note - there could be further upside, as US markets haven't reached their own 2020 highs that will help confirm the completion of the 4 year cycles, however for Aussie stocks, it's now sit and wait  (READ US REPORT)

Better to be trading on the long side of Cryptos