SPI futures Australian Stock Market 25th February 2012

SPI Monthly and Weekly cycles

My view was that the SPI would drift lower, whilst US markets continue to push higher.

Instead the Australian Stock market has moved back towards the 1st quarterly 50% level @ 4292 once again and stalled

Next Week:- the trend may continue to push upwards, and follow the Weekly cycles, and may even move towards the monthly highs in March

however, I still form the opinion that the Australian Market will continue to BUTT its head around these levels, and if it's going to continue upwards...

Then the 2nd quarterly 50% level @ 4127 form provide the perfect Support zone

SPI futures Australian Stock Market 18th February 2012

If US markets begin to rotate downward (READ S&P 500 Weekly report)

the Australian stock market will be under pressure to move down towards support levels over the coming weeks.

The critical level will be next week's 50% level, along with the February 50% level

S&P Monthly & Weekly cycles

The Australian Market has been under pressure...

and may continue until it reaches the lower support levels within the current Quarter

Even though US markets push higher.... the Australian stock market has a different Primary cycle (bearish)... and whilst it's below the Monthly 50% levels...

the trend bias is to drift lower.

next weeks trend guide @ 4172

SPI futures Australian Stock Market 11th February 2012

My view is that the Australian Market will butt it's head against the 1st quarterly 50% level

Whilst the February 50% level will determined how stable this trend.

SPI Monthly and Weekly cycles

The Australian Stock market has continued to BUTT its head around the 1st Quarter 50% level, whilst US markets continue to push higher.

If US markets begin to rotate downward (READ S&P 500 Weekly report)

the Australian stock market will be under pressure to move down towards support levels over the coming weeks.

The critical level will be next week's 50% level, along with the February 50% level

SPI Futures Australian Stock Market 4th February 2012

SPI Monthly and Weekly cycles

The Australian Market continues to rise, but mainly helped by the bullish patterns in US markets.

My view is that the Australian Market will butt it's head against the 1st quarterly 50% level & Weekly highs...

Whilst the February 50% level will determined how stable this trend.

Sure the market can move as high as the monthly highs @ 4417, but I would be more confident in that happening if the Australian Market was already trading above the Quarterly 50% level at a lower level...

not where is it now:- 4292

SPI futures Australian Stock Market 28th January 2012

Trend bias is to follow the Weekly cycles upwards, and complete the
 move into the first Quarter 50% level @ 4295

Previous Weekly report

SPI Monthly and Weekly cycles

The Australian Stock market is moving up into the 1st quarterly 50% level @ 4295, which I see as resistance.

However, when we read the US index report, there is a potential 2-month wave pattern towards the February highs.

If the SPI is going to continue higher, then it's on the back of the S&P 500 moving towards 1356.

if the SPI is going to stall and reverse down...

then the S&P 500 will stall after completing of the break and extend pattern, and then begin to rotate down towards it's own February 50% level.

Either way, the Australian market counter-trend move upwards during the first Quarter is about to complete its first stage.

SPI futures Australian Stock Market Report 21st January 2012

SPI Monthly and Weekly cycles

Trend bias is to follow the Weekly cycles upwards, and complete the move into the first Quarter 50% level @ 4295

The move towards 4295 will be helped or hindered by the price action in US markets over the next 5-days (Read US Index report)

If there is any weakness over the next 5-days, my view is that the trend will then push upwards once again at the start of the new month and continue towards the new February highs, as part of a 2-month wave pattern during the first Quarter.

Note:- 4295 remains my resistance zone for the first quarter

SPI Futures 14th January 2012 Weekly report

The January 50% level is supporting the trend, and if US markets
continue to move upwards, then the Australian Market will try its
best to move upwards, as part of larger move towards the
1st Quarter 50% level ;- 4295

The first sign will be price trading above the Weekly 50%
 level @ 4118.......   Previous Weekly Report

SPI Monthly & Weekly cycles

The Australian Market continued higher, stalling at its Weekly highs @ 4182.

As long as the S&P & DOW remain stable, as part of a move towards their own January highs...

The Australian market will try it's best to move towards the 1st Quarterly 50% level @ 4295.

My view is that the Australian Market will struggle to move beyond 4295 during the current Quarter.

Short-term:- 4164 will be the trend guide on whether the market continues higher

or dip back down into the Weekly 50% level @ 4102, which is seen as support