SPI Futures Australian Stock Market 14th July 2012

SPI Monthly and Weekly cycles

The Australian Stock market continues to trade sideways within the Weekly and Monthly cycles.

Short-term trend guide for next week is based on the Weekly 50% level @ 4073

And until there is a breakout above the 3rd Quarterly 50% level...:- (2-month wave pattern & higher highs)

There is always to possibility for weakness towards 3784