Australian Stock Market SPI futures 1st October 2018 Monthly Report

SPI Primary & Weekly Cycles

Weekly cycles showing weakness with the break of the September 50% level and breakout of the Weekly lows.

Normally there would be an expectation the trend will continue lower towards the Weekly lows, as part of a "break and extend pattern" and looking for the 2/3 month lows.

However, the Primary cycle is still looking for more gains and the target of 6437

Therefore, long term suggests more gains, Short term suggests weakness.

Trade either side of 6147

A retest of the 2/3 month lows, or as far as 5984 is an ideal level to get back into the Primary BULL trend

Australian Stock Market - SPI Futures 3rd September 2018

SPI Futures PRIMARY & WEEKLY CYCLES

Price looking to reach the 2018 highs @ 6437

Current Support @ 6220  (September 50%)

Once it reaches those highs, my expectation is that there will be a lot of resistance around that level.

However, I still think the trend is still going higher until 2020-2021.

Therefore it may stall, but any weakness is short-term (2-3 months) into trailing support levels.

Keep an eye on the S&P 500 (read report)

The Australian Stock Market - SPI Futures - 5th August 2018

SPI Primary & Weekly Cycles

TArget in 2018 - 6437

If it's going hit those highs, it will need to form support above the 2018 highs @ 6155

However, past  Primary cycles has seen resistance around the .618 of the range @ 6223

Support

Weekly Lows and July 50% level (don't trade longs below) @ 6008 (previous Report)

The Market continues higher and now forming support above 6155.

I'm still bullish for a move to 6437 but there's a bit of resistance around these  upper levels

Weekly lows have now moved higher into the August 50% level.

Even though I'm still bullish, don't trade long below @6145

AUSTRALIAN STOCK MARKET 1st July 2018 Monthly Report

SPI Primary & Weekly Cycles

Still Bullish on the markets until 2020-21, even though there is so much negative news around, i/e Trump's tariffs etc

TArget in 2018 - 6437

If it's going hit those highs, it will need to form support above the 2018 highs @ 6155

However, past  Primary cycles has seen resistance around the .618 of the range @ 6223

Support

Weekly Lows and July 50% level (don't trade longs below) @ 6008

Australian Stock Market - SPI futures 3rd June 2018 Monthly report

SPI Primary & Weekly Cycles

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

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

There was weakness in MAY but not as far as some other years when we do see markets move lower.

Looking at the current patterns, the Yearly 50% level is the Major support level

However, I would use the Weekly lows and June 50% level as the first Support zone at the start of this month

support :- 5944

major support 5899 - 5877

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.