Australian Stock Market - SPI Futures 5th December 2021

 

SPI Primary & Weekly Cycles.

Below the December 50% level is not in a good position, but the direction of the Australian  Market will be dictated by what occurs in the US markets.

Read S&P 500 Report 

S&P 500 Market Weekly Report: S&P 500 E-mini Futures 5th December 2021 (usindexweekly.blogspot.com)

 The Australian Market will follow a similar path, and if it does move lower, then it can dip down as far as 6778 - 4th Quarter

or

Zig- Zag into the end of the Year, as it aligns with the 2022 50% level, for an attempt to new highs in 2022

AUSTRALIN MARKET - SPI FUTURES 7TH NOVEMBER 2021 MONTHLY REPORT

 

SPI PRIMARY AND WEEKLY CYCLES

LOOKS TO BE HITTING THE 4TH QUARTER HIGHS AROUND 7845 IN DECEMBER.

I'M GOING TO FIND IT HARD TO SEE IT BREAK THROUGH WITH OUT A DECENT PULLBACK.

A NOVEMBER CLOSE ABOVE 7845, WILL SEE IT CONTINUE TO TREND HIGHER INTO 2022. 

AUSTRALIAN STOCK MARKET 4TH OCTOBER 2021 MONTHLY REPORT

 

SPI PRIMARY & WEEKLY CYCLES.

Technically it's coming down from the 2021 highs, as well as the shit hitting the fan in China with Evergrande and also the falling price of IRON ORE.

October lows is a Random support zone. 7009

If the shit hits the fan, then a wick down into 6778 and then buying support into the end of the Year.

Australian Stock Market - SPI Futures 4th September 2021

 

Australian Stock Primary & Weekly Cycles

Price did stall around the August highs, but the S&P 500 has still to reach it's own 3rd Quarterly highs, which might happen next week.

Based on that scenario, we could get a quick run in the Australian Market up to the 3rd Quarterly highs at 7750, before any potential reversal happening.

If there is a reversal, is it going to be much?

Read the S&P 500 for an expectation that the trend is going to continue higher into the 1st Quarter of 2022.

Therefore, if price is back down into the Weekly lows (September 50% level) around the 3rd week of September, then we look for a potential last week of the month for the trend begin another leg up and into the new higher highs into the 4th Quarter. 

AUSTRALIAN STOCK MARKET - SPI FUTURES 1st August 2021

AUSTRALIAN STOCK MARKET.

It's going to have a hard time breaking those 2021 highs (August also), the closer the S&P 500 gets to the 3rd Quarter Highs.

READ S&P 500 Report

AUSTRALIA STOCK MARKET - SPI FUTURES 4TH JULY 2021

AUSTRALIAN STOCK MARKET

The Market has completed its break and extend pattern from 2020 and into the 2021 highs, around the June highs.

I personally wouldn’t want to be adding long positions around these highs, however, the July 50% level and weekly lows could end up supporting price throughout July and then break higher in August/September. (Another Primary breakout)

Below July 50% level and the July lows would be a better place to be adding.

READ S&P 500 Report, 

for a better idea on overall markets and Secondary Trends (Quarterly)

AUSTRALIAN STOCK MARKET - SPI FUTURES 6TH JUNE 2021

 

SPI FUTURES PRIMARY & WEEKLY CYCLES

THE AUSTRALIAN MARKET LOOKS TO BE REACHING THE 2021 TARGETS IN THE PRIMARY CYCLES NEXT WEEK 

June highs, as well as the 2021 Primary highs.

I expect Markets to continue higher, as global economies come out the Covid-19 Pandemic, however, there will always be dips.

First sign of a dip will be the break of the 5-day lows.

What happens around the June highs will depend on US Markets (Read Report)

Note-  S&P 500 is trading above it's 2021 highs

Australian Stock Market Report - Spi Futures 1st May 2021

 

SPI Primary & Weekly Cycles

Target remains the 2021 highs  at 7407+, whether it's going to reach that level in MAY is another story.

There's a breakout of the April highs, so I'd expect a push up in early MAY towards 7227

After that will depend on price action in the US markets 

(read S&P 500 Report)

AUSTRALIAN STOCK MAKRET - SPI FUTURES 4 TH APRIL 2021

 

AUSTRALIAN STOCK MARKET

I STILL HAVE THE VIEW THAT THE AUSSIE MARKET IS MOVING UP TOWARDS THE 2021 HIGHS.

HOWEVER, IN THE SHORT-TERM AND THE START OF THE NEW QUARTER, IT WILL DEPEND ON WHAT HAPPENS WITH THE S&P 500 AROUND THE 2021 HIGHS (READ S&P 500 REPORT)

IF THERE IS SELLING, THEN PRICE IS LIKELY TESTING THE APRIL LOWS, WHICH IS SEEN AS SUPPORT IN THIS UP TREND.

Australian Stock Market 6th March 2021

 

Australian Stock Market Primary & Weekly Cycles

Looks ready to breakout of the March highs and continue up to the 2021 highs

(READ US REPORT S&P 500)

Australian Stock Market Spi Futures 31st January 2021 Report

SPI Primary & Weekly Cycles

I have the view that the Australian Market will continue up to the 2021 highs and not visit the 2021 50% Primary level @  6019

SUPPORT  - 6375/ 6395

Australian Stock Market - SPI Futures 4th Jan 2021 Monthly Report

 

SPI FUTURES PRIMARY AND WEEKLY CYCLES

Everything points to more gains in early January towards the 2021 highs, and then I would think it's the start of a multi-year rally based on the Primary Cycles.

However, around those January highs, there is a potential to retest the Yearly 50% level, this would coincide with the S&P 500 (read report) following the same reversal pattern from the 2021 highs.