Australian Stock Market Primary & Weekly Cycles
Looks ready to breakout of the March highs and continue up to the 2021 highs
(READ US REPORT S&P 500)
Australian Stock Market Spi Futures 31st January 2021 Report
SPI Primary & Weekly Cycles
I have the view that the Australian Market will continue up to the 2021 highs and not visit the 2021 50% Primary level @ 6019
SUPPORT - 6375/ 6395
Australian Stock Market - SPI Futures 4th Jan 2021 Monthly Report
SPI FUTURES PRIMARY AND WEEKLY CYCLES
Everything points to more gains in early January towards the 2021 highs, and then I would think it's the start of a multi-year rally based on the Primary Cycles.
However, around those January highs, there is a potential to retest the Yearly 50% level, this would coincide with the S&P 500 (read report) following the same reversal pattern from the 2021 highs.
Australian Stock Market - SPI futures 6th December 2020
AUSTRALIAN STOCK MARKET
Massive news coming out of the US the day after the election was all about the Vaccine.
Above the 50% level in 2020 and target is the 2021 highs.
There was every reason to be a Bear last month, but November's price action changes all that.
AUSTRALIAN STOCK MARKET - SPI FUTRES 1ST NOVEMBER 2020
SPI PRIMARY & WEEKLY CYCLES
AUSSIE MARKET REMAINS IN A BEAR TREND, AND IT DOESN'T TAKE TOO MUCH FOR THE NOVEMBER LOWS TO BREAK AND SEE THE MARKET DROP MUCH LOWER INTO 2021
THE US ELECTION WILL HAVE A MASSIVE BEARING ON THE STOCK MARKET TRENDS.
A TRUMP WIN WILL BE POSITIVE, A BIDEN WIN I'M SURE WILL BE NEGATIVE, - RAISING TAXES AND SHUTTING THE ECONOMY.
SURE THE MARKET CAN RISE, BUT I WOULD RATHER VERIFY THAT USING THE 2021 50% LEVEL AS THE TREND GUIDE IN JANUARY
Australian Stock Market Report 3rd October 2020
Primary & Weekly Cycles
If we subscribe to the Primary Cycles Bear Market Patterns, then we are looking for October lows to fail and then for the trend continue down towards new lows in 2021.
With Trump going into Hospital with Covid-19 after Future Markets closed, it will be interesting on next week's open, and enough to spook the markets.
The 3rd Quarter has always been the Secondary Cycle that sees the next wave downwards.
Whilst the US markets and the Australian Market don't align, they will if US markets continue lower (read US Report)
We can see in the Forward Primary Cycle in 2021, if price doesn't sell off, but continues to remain supported in 2020 above the Yearly lows (5703), then next year's 50% level will define whether the Aussie market goes higher or not.
If looking to be a BUYER in the Aussie Market, I would sit it out until next year
AUSTRALIAN STOCK MARKET REPORT 4TH SEPTEMBER 2020
Australian Stock Market Report
It's best to read the US Report to give you an idea of what may play out.
S&P 500 50% level should coincide with the Australian Stock Market September lows and also the 3rd Quarter 50% level at 5614
From there, does it bounce?
Or does the Australian Stock Market follow the BEAR MARKET Trend and break the lows and price continues to trend down until 2021
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