SPI Futures Australian Stock Market 24th December 2013

SPI Primary & Monthly cycles

Primary Cycle suggests the trend will continue to move up towards the 2014 cycles highs (Read US S&P 500 report)

BUY zone in the 4th Quarter @ 4960, didn't reach, but the BUY zone in the first quarter remains @ 5066 if there is any short-term resistance.

Note:- there is a breakout in December (December 50% level matched with red channel),

this can act as resistance (along with 5338) for the rest of December.

A close above 5338 by the 31st of December, as occurred at the end of July, will help validate that Primary Cycle

SPI Futures Australian Stock Market 12th December 2013

SPI Primary & Monthly cycles

Market didn't hit the November highs, unlike the US markets, and we can see that the December support has failed to hold, as part of a Primary trend towards the the 2014 highs.

I still believe that the market will continue towards those Primary cycle highs, however the Monthly cycles suggest the trend will continue to follow a 2-month wave pattern downward into 1st Quarter support.

If the trend does continue higher, then this BUY zone in the next Quarter is probably the best level to be moving back into the market

The Australian Stock Market SPI Futures 2nd November 2013 Monthly Report

 Primary Cycles suggests the trend will continue higher towards the 2014 highs,

The Trailing support has moved upwards, as shown in October @ 5128

SPI Primary & Monthly cycles

Future support @ 5128 came into play in early October, as part of the Primary cycle trend towards the 2014 yearly highs.

The short-term cycle will complete around the November highs, as this is part of the 2-month trending pattern within this Quarterly cycle, as described in my books.

Australian Stock Market SPI Futures 1st October 2013

SPI Primary & Monthly cycles

Primary Cycles suggests the trend will continue higher towards the 2014 highs, but it didn't follow the orderly pattern I was looking for; a move down into September support @ 4937 and then a move upwards for the next 3-6 months.

The Trailing support has moved upwards, as shown in October @ 5128

The Trend should remain stable, as those Support zones hold, but long term support is 5006, if US markets move slightly lower towards the 4th Quarter BUY zone (READ US Report)

Australian Stock Market SPI Futures 1st September 2013

SPI Primary cycles & Monthly cycles

Primary cycles suggest the trend will continue higher into the 2014 Yearly highs, as part of the Dilernia Principle "break & extend pattern.

We can now see Future Support move upwards in September, and if the trend is going to continue higher, then I would expect a drift downward into this level and then push upwards over the next 3-6 months.

I could be wrong, but SUPPORT resides around 4921-54

Australian Stock Market SPI Futures 3rd August 2013

SPI Primary & Monthly cycles

As noted in the previous Report, the Primary cycles has seen price close above 5069 on a Friday, swinging the cycle around to a BUY.

The previous BUY zone at 4796, has now been replace with 4921, which is seen as support for a continuation of the Primary cycles towards new highs in 2014.

Note:- Monthly cycles suggests the trend can continue up into August at 5153 before it reverses back down into 4921.

SPI Futures Australian Stock Market 14th July 2013

We can see 4600 attracted Buyers, and now the trend will be defined by the 3rd Quarterly 50% level 4796. If it pushes upwards, there is major resistance around 4945 during July.

 Note:- there are breakout patterns (DOWN) in the monthly cycles, therefore if it moves up into 4945, my view is that it will move back down to align with the 'future' monthly LOW BUY zone, as illustrated in my book ( Previous Weekly Report)

SPI Primary & Monthly Cycles

The SPI has moved upwards and stalled around 4945.

If it follows my previous view of rotating downward from 4945, then 4796 should form support, and the future monthly support zone should come into play in early September, as it dynamically moves upwards.

However, if the market follows the Primary cycle, the SPI can continue to rise into 5069, close above it on a 'Friday' and swing the cycle around. This will once again form a Support zone around September around 4796.