AUSTRALIAN STOCK MARKET -SPI FUTURES 2nd January 2017

SPI Primary & Weekly Cycles

further weakness from the 4th Quarter down into the 1st Quarter lows some time in March2016If that plays out, then I'd look to move back into Long positions in the Aussie Market 6 using the 2016 lows and SUPPORT & ENTRY  (SEPTEMBER 2015)

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. (January 9 2016)

We have seen the Australia Market play out TEXT book patterns within the PRIMARY CYCLE, and with the expectation that the TREND will continue to move towards the 2017 highs in the early part of the year.

There's 2 patterns at play...

1. continues to move upwards into the January highs, which would be a good time to off load some positions.

2. First 10 days of the year sell down into the January 50% level and then continues upwards for the next 3-6 months (MAY).

Note:- Even though it might reach the 2017 highs in the early part of January I think there's more upside in the market. It would be wise to wait for Quarterly 'sell-downs' to get back into the UPTREND.

Australian Stock Market SPI futures 5th December 2016

Primary & Weekly Cycles

 I continue to be bullish no matter who wins the Election on Tuesday, which is part of the 2016 lows and expectation the trend is heading towards the 2017 highs.

Therefore the November lows and the 4th Quarter level is seen as a major trend guide and support level for 2016 @ 5171 & the November lows @ 5128 (Previous Report)

There's not much more to say since the last time and every other time, the trend is heading up into the 2017 highs.

Australian Stock Market SPI futures 6th November 2016 Monthly Report

SPI Primary & Weekly Cycles

The only concern would be if price dips and finds support around 2109 but the next 5-days the market moves sideways. if that happens then there could be some weakness in the week of the 10th October. (Previous US S&P 500 Report )

Selling hit the market in the week from the 10th October going into the US election.

I continue to be bullish no matter who wins the Election on Tuesday, which is part of the 2016 lows and expectation the trend is heading towards the 2017 highs.

Therefore the November lows and the 4th Quarter level is seen as a major trend guide and support level for 2016 @ 5171 & the November lows @ 5128

Australian Stock Market SPI futures 3rd October 2016

SPI Primary & Weekly Cycles

There is a breakout of the Weekly lows that can see price continue down into this week's lows 

Therefore any move down into 5277 needs to see price back above 5327. (Previous Report)

As we can see there was a push downward and a move back above Yearly 50% level @ 5327.

Expectation that the Australian Market will continue higher into 2017 using the Yearly 50% level and October 50% level as support.

Australia Stock Market SPI futures 4th September 2016 Monthly Report

SPI Primary & Weekly Cycles

Trend bias is to continue higher using the Yearly 50% level as support @5327.

However, there is a breakout of the Weekly lows that can see price continue down into this week's lows @5277.

Therefore any move down into 5277 needs to see price back above 5327.

AUSTRALIAN STOCK MARKET SPI Futures 1st August 2016

if we subscribed to the Primary Cycle 'Dilernia Principle' of continuing higher for the rest of 2017. (Double Bottom Primary Cycle low in the 1st Quarter.

The best pattern would have been the month of MAY moving down into the 2nd Quarter 50% level and then heading higher in June, (Previous Report)

We have seen the price action place out precisely, with the market moving down into the 2nd Quarter 50% level, and then heading higher using the 3rd Quarter 50% level and the next THRUST pattern upwards.

There maybe random resistance around the August highs @ 5616-5633...

But we need to treat this market as a Primary trend that's heading upwards into 2017, using the expectation of it following the Principles within my books.

Australian Stock Market SPI futures 4th June 2016 Monthly Report

SPI Primary and Weekly Cycles

the Australia Market remains in a Bear Trend whilst it's below the yearly 50% level, however if we subscribe to the Dilernia Principles of Primary Trends we need to look for patters that suggest the trend will continue upwards into 2017, as part of this years lows. (Double Bottom)

  

Whilst the 2016 50% level may or may not stop the trend from rising, the APRIL 50% level is now seen as Support  (Previous Report)

There are conflicting patterns happening that it's hard to get an ideal set-up if we subscribed to the Primary Cycle 'Dilernia Principle' of continuing higher for the rest of 2017. (Double Bottom Primary Cycle low in the 1st Quarter.

The best pattern would have been the month of MAY moving down into the 2nd Quarter 50% level and then heading higher in June, but it's doing the opposite.

At the moment all we can do is trade Support, and that support resides around the Weekly lows and the June 50% level.

It's either going to hold or not.

Note:- there's a pattern in the S&P 500 to keep an eye on that will determine which direction the Australian Market will go, it called the 'No Control' Bar