Australia Stock Market SPI futures 4th September 2016 Monthly Report

SPI Primary & Weekly Cycles

Trend bias is to continue higher using the Yearly 50% level as support @5327.

However, there is a breakout of the Weekly lows that can see price continue down into this week's lows @5277.

Therefore any move down into 5277 needs to see price back above 5327.

AUSTRALIAN STOCK MARKET SPI Futures 1st August 2016

if we subscribed to the Primary Cycle 'Dilernia Principle' of continuing higher for the rest of 2017. (Double Bottom Primary Cycle low in the 1st Quarter.

The best pattern would have been the month of MAY moving down into the 2nd Quarter 50% level and then heading higher in June, (Previous Report)

We have seen the price action place out precisely, with the market moving down into the 2nd Quarter 50% level, and then heading higher using the 3rd Quarter 50% level and the next THRUST pattern upwards.

There maybe random resistance around the August highs @ 5616-5633...

But we need to treat this market as a Primary trend that's heading upwards into 2017, using the expectation of it following the Principles within my books.

Australian Stock Market SPI futures 4th June 2016 Monthly Report

SPI Primary and Weekly Cycles

the Australia Market remains in a Bear Trend whilst it's below the yearly 50% level, however if we subscribe to the Dilernia Principles of Primary Trends we need to look for patters that suggest the trend will continue upwards into 2017, as part of this years lows. (Double Bottom)

  

Whilst the 2016 50% level may or may not stop the trend from rising, the APRIL 50% level is now seen as Support  (Previous Report)

There are conflicting patterns happening that it's hard to get an ideal set-up if we subscribed to the Primary Cycle 'Dilernia Principle' of continuing higher for the rest of 2017. (Double Bottom Primary Cycle low in the 1st Quarter.

The best pattern would have been the month of MAY moving down into the 2nd Quarter 50% level and then heading higher in June, but it's doing the opposite.

At the moment all we can do is trade Support, and that support resides around the Weekly lows and the June 50% level.

It's either going to hold or not.

Note:- there's a pattern in the S&P 500 to keep an eye on that will determine which direction the Australian Market will go, it called the 'No Control' Bar

SPI Futures Australian Stock Market 8th MAY 2016

SPI Primary & Weekly Cycles

Short-term target is the April high and the 2016 50% level :- Random Resistance.

Note:- the Australia Market remains in a Bear Trend whilst it's below the yearly 50% level, however if we subscribe to the Dilernia Principles of Primary Trends we need to look for patters that suggest the trend will continue upwards into 2017, as part of this years lows. (Double Bottom)

  

Whilst the 2016 50% level may or may not stop the trend from rising, the APRIL 50% level is now seen as Support  (Previous Report)

MAY highs and 2016 50% level stall the Australian Market, with the expectation that price is moving back down to retest the 2nd Quarter 50% level @ 5090

If the Australian Market is heading higher, this level needs to hold in MAY and continuer higher in June.

Keep an eye on the Weekly lows @ 5142, any breakout of these lows and treat the breakout as an Extend Pattern into next week's lows.

Australian Stock Market SPI Futures 16th April 2016

SPI Primary & Weekly Cycles

 

The Australian Market continues to move higher after an early dip at the start of April.

 

Short-term target is the April high and the 2016 50% level :- Random Resistance.

 

Note:- the Australia Market remains in a Bear Trend whilst it's below the yearly 50% level, however if we subscribe to the Dilernia Principles of Primary Trends we need to look for patters that suggest the trend will continue upwards into 2017, as part of this years lows. (Double Bottom)

 

Those who have read my book will know what I'm talking about.

 

Whilst the 2016 50% level may or may not stop the trend from rising, the APRIL 50% level is now seen as Support

Australian Stock Market SPI Futures 27/3/2016

SPI Primary & Weekly Cycles

 

If you’ve been following my posts for a while now you’d know that I was looking for 2016 Primary Lows as major support and then the month March as the next likely 'thrust' pattern upwards.

 It was either going to be the March lows or the March 50% level that was going to provide next the robust LONG set-up after those Primary Lows were reached, and as we can see it was the March 50% level that gave use the expected pattern.

If we subscribe to those same patterns repeating then the Australian Market should continue higher for the rest of the year, using the Weekly lows as support and the April Quarter 50% level and the trend guide:- next stop 5330

I’m confident in this happening, but be aware that everything is not 100%, and the start of April (another 5-days of trading) and a break of the weekly lows can change the rules of the game.

 

Australian Stock Market SPI Futures 28th February 2016

SPI Futures Primary & Weekly Cycles.

 

2016 lows continue to support the market, but we haven't seen price able to move above the February 50% level.

In fact, it's looking like it can make another move downward and test the MARCH LOWS, which has been my view for awhile now.

 

However, the next 5-days in US markets could see the S&P test the 2016 50% level (Read US Report)