Australian stock Market - SPI Futures 3rd December 2016

SPI Primary & Weekly Cycles

The 2017 Yearly highs on the Australian Market can form resistance once again and as well as the case with every quarter this year (Blue Channel highs), but if it breaks out of those Quarterly highs @5922 look for a continued rally into 2018 

This whole process is part of a multi-year rally from the 2016 lows, so I'm looking for more upside into 2018 and beyond.

The Market has remained above the Quarterly highs @ 5922.

There could be a quick dip down into the Weekly lows, but at this stage trade on the side of 5922 with the expectation December will continue to move higher.

Australian Stock Market - SPI Futures 4th November 2017

SPI Primary and Weekly Cycles

the Market is going higher into the end of 2017.

We can see resistance in the 2017 Primary highs earlier in MAY, but this secondary wave downward in Support levels is one of the lesser cycles that needed to play out  (previous Report)

The Australian Market is lagging the S&P 500, and if you look at the S&P 500 Report you can see it has reached its 100% target for 2017.

The 2017 Yearly highs on the Australian Market can form resistance once again and as well as the case with every quarter this year (Blue Channel highs), but if it breaks out of those Quarterly highs look for a continued rally into 2018 

This whole process is part of a multi-year rally from the 2016 lows, so I'm looking for more upside into 2018 and beyond.

BUY the DIPS

The Australian Stock Market - SPI Futures 4th September 2017

SPI Primary and Weekly Cycles

As mentioned in the previous number of reports, the Market is going higher into the end of 2017.

We can see resistance in the 2017 Primary highs earlier in MAY, but this secondary wave downward in Support levels is one of the lesser cycles that needed to play out .

There's two patterns that we can keep an eye on unless something drastic happens in North Korea.

1. pushes upwards from the September 50% level and continues to trend upwards - Thrust Pattern.

2. Further sideways price action into the start of the 4th Quarter and then the next THRUST pattern occurring using the YELLOW level as that push ZONE.

Australian Stock Market 7th August 2017

SPI Primary & Weekly Cycles

The June highs has formed resistance and my expectation that the Australian stock market is moving into a 2-monthly wave pattern down into 5591 and July lows.  I would think this level is the ideal time to be getting back into the market with the expectation it is going higher. look for 5-day high breakout to confirm  (Previous Report)

The Australian Market is setting itself for more gains into the end of the year. It didn't reach the July lows but it did find support around 5591.

There's are a few patterns that might play out..

1. Breakout of the weekly highs and continues to trend upwards into the 4th Quarter (October), helped by the double bottom on the weekly lows

2. does dip down into the August lows but then kicks upwards later in the month.

3. continues sideways into October and then rallies from the start of October.

Either way, the Australian Market is going higher.

Australia Stock Market - SPI Futures 2nd July 2017

SPI Priamry & Weekly Cycles

I still subscribe to the market going higher, but the ideal pullback zone resides around 6000-5591. We can see the market closing around the June 50% level and often I would expect this level to form resistance along with 5834 (Yearly highs) If I'm wrong then it could push as high as the Weekly highs, but there is still the expectation it's going lower before it goes higher. (Previous Report)

 The June highs has formed resistance and my expectation that the Australian stock market is moving into a 2-monthly wave pattern down into 5591 and July lows.

 I would think this level is the ideal time to be getting back into the market with the expectation it is going higher. look for 5-day high breakout to confirm

The Australian Stock Market - SPI Futures June 2017 Monthly report

Primary & Weekly Cycles

We are coming into the month of May that often sees selling hit the market.

Trailing support the monthly lows in May and the double bottom lows in June. (Previous Weekly Report)

The Australian stock market has come under some selling pressure, which is often the case during these months,

I still subscribe to the market going higher, but the ideal pullback zone resides around 6000-5591.

We can see the market closing around the June 50% level and often I would expect this level to form resistance along with 5834 (Yearly highs)

If I'm wrong then it could push as high as the Weekly highs, but there is still the expectation it's going lower before it goes higher.

Australia Stock Market Spi Futures 1st May 2017 Monthly Report

SPI Futures Primary and Weekly Cycles

The Australian Market like the US markets are trading in narrow band around their respective 2017 Yearly highs.

The long term target remains the 100% range at 6351 in 2017.

However we are coming into the month of May that often sees selling hit the market.

Therefore resistance 6026/48

Trailing support the monthly lows in May and the double bottom lows in June.

In conclusion:- there's more upside and we're hoping that selling hits the markets so we can buy the dips