SPI Primary & Weekly Cycles
The Australian Stock Market is back into the BUY Zone @5484.
Do you BUY here?
If you're working on statistics within the Primary Cycles (LONG TERM), then this is the zone you want to be moving back into the MARKET.
5484 is the BUY zone in the 2nd Quarter, and if it's going to rise once again then Price should continue higher in the 3rd Quarter from July using the future level.
However, both GOLD & IRON ORE has more downside, whilst the S&P 500 is showing signs of further weakness.
There is also a pattern within the Weekly cycle in the above chart that often forewarns more weakness; Friday's close below the June lows.
Page 34 of Market Trading Market Timing...
Use Sequential ordering of pattern formations
1. Apply the trend identification Model
2. Identify Support,Resistance, & Trends
3. Identify the change of Support & Resistance with the use of TIME
4. Forewarn & Foretell the likely events in the future using Principle SET-UPS
Principle Set-up:- potentially a break & extend pattern from the June lows into the July lows
READ GOLD & S&P 500 Reports
