Australian Stock Market SPI Futures 30th November 2015 Monthly Report

SPI Primary Cycles

My view is that the Australian Market will try and move lower in the early part of 2016 until it reaches those 2016 lows. 

However, as noted in the previous report, the rest of the year it could move into a sideways pattern. 

Long term bias is down.

Keep an eye on the 2016 50% level as a trend guide/resistance zone in early 2016.

Note:- no signs of Weakness appearing in US markets (Read S&P 500 Report)

Australian Stock Market SPI Futures 13th November 2015

SPI Primary Cycles

 My view is that the stock market is heading lower, but it is likely to find support around the 2015 lows @ 4990-5065 until the end of the year. (Previous Report)

As we can see the Market has revisited the Support zone after hitting the 2015 50% level.

My view is that the Australian Market will try and move lower in the early part of 2016 until it reaches those 2016 lows.

However for the rest of the year it could move into a sideways pattern around support.

Long term bias is down.

Keep an eye on the 2016 50% level as a trend guide/resistance zone in early 2016

AUSTRALIAN STOCK MARKET SPI FUTURES 1st November 2015 Monthly Report

Primary & Weekly Cycles

We can see in the above chart, the Primary Cycles and levels having a major influence in the trend and also the major turning points in the market. 

From the exact highs at 6005 and the exact lows @ 4750, and now the 2015 50% level forming resistance.

My view is that the stock market is heading lower, but it is likely to find support around the 2015 lows @ 4990-5065 until the end of the year.

When we look at the Weekly cycles, the trend bias remain robust in the short-term defined by the November 50% level and Weekly lows.

Therefore those 2 levels @5213 & 5116 are your short-term random support zones within a larger Primary Cycle that's wanting to move lower.