Australian Stock Market Weekly Report

SPI FUTURES AUSTRALIN STOCK MARKET MONTHLY REPORT 5TH DECEMBER 2022

SPI YEARLY AND PRIMARY CYCLES

Going higher into 2023, it's just whether there is a pullback into the monthly 50% levels before that happens, instead of a straight up move.

AUSTRALIAN STOCK MARKET - SPI FUTURES 6TH NOVEMBER 2022

SPI SECONDARY & PRIMARY CYCLES

We didn't get the move down into the November lows for the swing, but instead a rise on the back of the S&P500.

I continue to be bearish based on the price action in the S&P 500, however the SPI looks to be rising into the 2022 50% and also the November highs, which is seen as resistance.

Read the S&P 500 report

AUSTRALIAN STOCK MARKET SPI FUTURES 1ST OCTOBER 2022 MONTHLY REPORT

AUSTRALIAN YEARLY AND PRIMARY CYCLES

Expectation that price will at least move down to the October lows and also the 4th Quarter lows, on the back of the price action in the SP500 (read the report)

That's the down target, but not necessarily the lows in this bear trend, as I'm expecting further weakness into the 1st Quarter of 2023

AUSTRALIAN STOCK MARKET SPI FUTURES 5TH SEPTEMBER 2022 MONTHLY REPORT

AUSTRALIAN STOCK MARKET

My entire view for the rest of 2022 was based on what would happen after the S&P 500 had retested the break of 4287...

And as we we have seen (read S&P500 Report), it retested 4287 and was rejected heavily.

My view now is that, September has some support, but there is a larger downtrend in the 4th Quarter that I believe will happen, dragging the Aussie Market, as well as #Bitcoin lower

If that's the case, then expectation price will be around 6076 (or 4th Quarter lows) and then slightly more downside in early 2023 to bottom out.

Short-term, could be an early rise up into 6921 to retest last week's break.

AUSTRALIAN STOCK MARKET 7TH AUGUST 2022 MONTHLY REPORT

AUSTRLIAN MARKET PRIMARY CYCLES

July pump on the back of the S&P 500.

I expect more gains going into the end of August 2022 50% level - minimum move. 7203

Bullish move all the way to 7524.

Best to read the S&P 500 report to get a gauge on my view going into the end of the year

AUSTRALIAN STOCK MARKET SPI FUTURE 2ND JULY 2022

AUSTRALIAN STOCK MAKRET YEARLY AND PRIMARY CYCLES

All eyes on the US markets, (Read S&P 500 Report).

If there is a July Rally, then Target is the 2022 50% level (take the money and run)

Currently holding the 2022 lows.

Extension in the 3rd Quarter is down to 6,064

However, it wouldn't surprise me to see a July Pump, and then a larger sell off in the latter part of the 3rd Quarter down to those lower levels

AUTRALIAN STOCK MARKET - SPIT FUTURES 5TH JUNE 2022

SPI YEARLY AND WEEKLY CYCLES

Really thought price would hit the MAY lows at the same time the S&P 500 hit it's Yearly lows. (Read US Report)

Australian Market holding up well on the back of Commodities and back above the yearly 50% level.

By the look of the price action, it's either going to continue higher, or move into a sideways pattern into the start of the 3rd Quarter.

All eye on the US MARKETS

AUTRALIAN STOCK MARKET - SPI FUTURES MONTHLY REPORT 11th May 2022

SPI YEARLY AND PRIMARY CYCLES

Target of the downside is the May lows 6787, which might not happen until next week.

However, I think the SPI will push lower in June and touch the Yearly lows around

6430 - 6565

and mostly hold support for the rest of the Quarter.

a True Bear Market will break these Yearly lows late in the 3rd Quarter and extend down into the 1st Quarter of 2023, which will complete the bear market bottom.

So any buying around the 2022 lows this Quarter, keep stops tight later in the 3rd Quarter

AUSTRALIAN STOCK MARKET - SPI FUTURES 4TH APRIL 2022

PRIMARY & WEEKLY CHARTS

A huge run up on the back of rising commodities, heading towards the 2022 highs

Resistance levels 7676 - 7755

AUSTRALIAN STOCK MARKET SPI FUTURES 6TH MARCH 2022

AUSTRALIAN STOCK MARKET PRIMARY AND WEEKLY CYCLES.

Whilst below the yearly 50% level, it's in a BEAR MARKET @ 7116.

However, in the month of March, it's above the March 50% level, and if it remains above this going into April, then we can see a move towards the 2022 highs later in the year., or the back of commodities.

The exact opposite if below the 2022 50% level and APRIL, as the 1st Quarter is currently support the down trend (Yellow), but can form resistance in April - June.

Then you would be sitting it out until the 2022 lows are reached later in the year and potentially and dip further in 2023.

AUSTRALIAN STOCK MARKET 7TH FEBRUARY 2022

SPI YEARLY AND WEEKLY CYCLES

There's a each way play at the start of the new Year.

1. pumps to the 2022 highs and reverses down

2. sells down into the 2022 50% level at 7118, stabilises and then moves upwards and reaches the 2022 highs in late March or April/MaY (previous Report)

The Australian Market looks bearish, it's below the 2022 50% level

and also in a Break and Extend pattern in January,

that can see the February 50% level form resistance and push price back down towards the lows.

The concerning pattern also begins in the 2nd Quarter, as currently it's supporting price (Yellow), but could end above price, pushing the trend down towards the 2022 Yearly lows in the 2nd half of the year.

However, as much as the Aussie market looks bearish, the US market is still above the 2022 50% level.

(Read the US Report)

Australian Stock Market - SPI futures - 4th January 2022

SPI Primary & Weekly Cycles

Australian market will closely follow the S&P 500.

There's a each way play at the start of the new Year.

1. pumps to the 2022 highs and reverses down

2. sells down into the 2022 50% level at 7118, stablises and then moves upwards and reaches the 2022 highs in late March or April/May

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

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