Australian Stock Market - SPI Futures 6th MAY 2018

SPI Primary & Weekly Cycles

Currently the Australian Market is  trading above the Yearly 50% level, but it might take a number of weeks for the volatility to subside, as the Weekly lows creep upwards and is used for support for the next move upwards in Late March, Early April

I still favour a rise up into 2020/21, so bullish for another 2 years.

The patterns in the secondary cycles weren't lining up in their usual precise manner, but if you understand the PRIMARY CYCLES there is a bias for the market to continue higher into 2020/21.

We did see the rise begin in early APRIL, but it wasn't until it consolidated above the April 50% level and yearly 50% level that it took off.

Any weakness in MAY and treat the 2018 Yearly 50% level as support, with the expectation that Markets will continue to rise.

The Australia Stock Market - SPI Futures 3rd April 2018 Monthly Report

SPI Primary & Weekly Cycles

I'm still in the bullish camp, and these retracements in February are just part of the Primary Cycle patterns that are expected once. I still favour a rise up into 2020/21, so bullish for another 2 years.

Currently the Australian Market is  trading above the Yearly 50% level, but it might take a number of weeks for the volatility to subside, as the Weekly lows creep upwards and is used for support for the next move upwards in Late March, Early April (previous Report)

It had everything going for it, consolidation above the Yearly & Monthly March 50% level for 3 weeks, but then weakness on the back of China's response to Trump's tariffs over the last 5-days.

Therefore the Late March & Early April continuation of the BULL Trend doesn't look like it's going to happen.

There's a pattern in the S&P 500 (emini) playing out, which will define whether the Market will rise or whether the start of the 'trade wars' is putting a major pressure on Primary Stock Market Trends.

SPI Futures - Australia Stock Market Monthly Report 7th March 2018

SPI Primary & Weekly Cycles

However, have a read of the S&P 500 report and we can see a different picture that could introduce a lot more volatility in the market overnight.

Whilst the SPI tries to move upwards during the day, (above the FEB 50%), US markets are looking to move lower into Support levels. (Previous Report)

Well that was a bit of an understatement, US market moved much lower into support levels (Read S&P 500 Report) and volatility has remained over the past number of weeks.

I'm still in the bullish camp, and these retracements in February are just part of the Primary Cycle patterns that are expected once. I still favour a rise up into 2020/21, so bullish for another 2 years.

Currently the Australian Market is  trading above the Yearly 50% level, but it might take a number of weeks for the volatility to subside, as the Weekly lows creep upwards and is used for support for the next move upwards in Late March, Early April

Australian Stock Market - SPI Futures 4th February 2018

SPI Primary & Weekly Cycles

The Market is likely to hit resistance around the 2018 highs, just like it did in 2017 because the US markets need to pull back.

I'm expecting more gains in 2018 so any pullback is the perfect time to get back into the Market.

Not sure it will get as low as the 2018 50% level @5877, but if it does jump right back in! (Maybe MAY 2018)

There's more upside in the SPI, as it still has to complete the 2017 breakout and reach the 2018 highs

And we can see that Price wants to do just that, as it remains above the February 50% level, which will define the trend during this month

However, have a read of the S&P 500 report and we can see a different picture that could introduce a lot more volatility in the market overnight.

Whilst the SPI tries to move upwards during the day, (above the FEB 50%), US markets are looking to move lower into Support levels.

AUSTRALIAN STOCK MARKET SPI FUTURES 6TH jANUARY 2018

SPI PRIMARY &  Weekly Cycles

 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. (PREVIOUS REPORT

The Australian Market is moving higher into 2018 and beyond, but it doesn't have the same legs like it does in the US Markets.

The Market is likely to hit resistance around the 2018 highs, just like it did in 2017 because the US markets need to pull back (See S&P500 Report)

I'm expecting more gains in 2018 so any pullback is the perfect time to get back into the Market.

Not sure it will get as low as the 2018 50% level @5877, but if it does jump right back in! (Maybe MAY 2018)

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