Australia Stock Market SPI futures 16th January 2016

Australia Stock Market ASX 200 Primary Cycles

 

TEXT BOOK sell-off in the Aussie market at the start of January, and we now have both the Australian Markets and US markets in synch. These SELLOFFS at the start of 2016 have all the hallmarks of forming a Double Bottoms around the 2016 Yearly lows.
 I've been calling this downtrend into MARCH lows as the next time to move into LONG positions, which coincide with the 2016 support zone

 

Text book Break & Extend pattern (Dilernia Principle) from the 3rd Quarter breakout into the 1st Quarter Target of 4751 will complete most likely on Monday Morning.

 

Along with similar moves in US markets, there's a good chance the BUYERS will begin to move into the markets next week, but it's WAY too early to be saying a NEW UP trend will occur, as it hasn't follow my TEXT BOOK bottom in MARCH, but it's a 'double bottom' nevertheless

 

However, there's a pattern in US markets (READ US Report) that might stop January rising to quickly.

Australian Stock Market SPI Futures 9 January 2016 Update

Australian Stock Market Primary Cycles

 

Before continuing to read the rest of the report, please read the US market report. (click Link)

 

http://www.usindexweekly.blogspot.com.au/2016/01/s-500-e-mini-futures-9-january-2016.html

 

 

TEXT BOOK sell-off in the Aussie market at the start of January, and we now have both the Australian Markets and US markets in synch. These SELLOFFS at the start of 2016 have all the hallmarks of forming a Double Bottoms around the 2016 Yearly lows.
 

In conclusion:- I've been calling this downtrend into MARCH lows as the next time to move into LONG positions, which coincide with the 2016 support zone

 

Those LONG positions can be validated using patterns clearly described in my book. MARKET TRADING MARKET TIMING 'Time Price Support Resistance.

 

If it's a robust Support zone, then next UP leg should be taking out the February highs in late MARCH early April

Australia Stock Market SPI futures 1st January 2016 Monthly Report

Australian Stock Market Primary Cycles 2016

The start of the new year brings in the new Primary Cycles for 2016.

We are still in a Primary 'Bear Market' and will continue to live in a Bear Market whilst price remains  below the 2016 50% level.

As you're aware I'm looking for a new wave downward into the 2016 yearly lows, as part of the 2-period timeframe wave cycle, as described in my book.

I have seen markets before kick upwards at the start of the new year, as price closes right in the middle of the NEW year 50%, but that doesn't fit in with the 'Principles' I follow.

If we look at commodities markets they are following the same bear trends and heading lower in the new year(Read Gold Report).

In conclusion:- if the bear trend follows my 'Principles' and the Australian Market is hitting 4700, especially in MARCH then it's probably time to re-enter the market.

NOTE: US Markets aren't showing the same bear pattern trends (Read US Report)

Australian Stock Market SPI Futures 13 December 2015 Report

"As noted in the previous report, the BEAR-Market pattern often extends towards the 2016 lows, If we use historical patterns clearly described in my book :-Market Trading Market Timing, then we should see some consolidation around the current 2015 lows, but then further weakness from the 4th Quarter down into the 1st Quarter lows some time in March 2016

If that plays out, then I'd look to move back into Long positions in the Aussie Market 6 months from now, using the 2016 lows as support & entry"  (September Report)

SPI Primary Cycles

As you probably aware I'm bearish on the Aussie Market, and so far the market is consolidating around the 2015 lows.  

If we follow the pattern as previously described, the Market should be heading down towards 4600. and if it's reaching those lows around March, then it's a good time to rock & roll. 

Note:- Market Trading Market Timing is probably the best T.A book on the market. 

Merry Christmas.

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.