Australian Stock Market SPI Futures 24th February 2013

SPI Primary & Weekly cycles

Price action in the Weekly cycles and Support at the February highs @ 4958 helps set-up further gains towards the March highs.

The movement upwards will be based on whether US markets follow the same pattern (Read S&P 500 Weekly Report)...

If not, then any swift movement downward will help set-up further gains for the next 2 years, as shown in the Primary cycles.

The Australian Stock Market 16th February 2013

SPI Monthly & Weekly cycles

Trading around the February highs, but without reversing down into trailing support.

I still expect that to happen, as shown below.....

SPI Primary cycles

With the market now trading above the 2013 Yearly highs, the upward trend can now for the next 2-years... 

My ideal pattern for capturing that potential trend remains for it to quickly move down into trailing cycle Support (White), and then follow with the continued breakout pattern...

Support 4662/79

  

The Australian Stock Market 9th February 2013

SPI Monthly & Weekly cycles

February highs are seen as resistance with the expectation the market will reverse and retest the January high breakout, which aligns with the Weekly lows

Australian Stock Market 3rd February 2012

SPI Monthly & Weekly cycles

Breakout of the January highs is extending up into the February highs, which is seen as resistance @ 4948-5004

1st Quarter Support resides around 4698-4711