AUSTRALIAN STOCK MARKET SP FUTURES 30TH JUNE 2019 REPORT

SPI PRIMARY & WEEKLY CYCLES

STOCK MARKET LOOKS TO BE MOVING TO THE 100% RANGE AT 6775.

IT CAN MOVE UP EARLY AT THE START OF THE 3RD QUARTER, IN JULY

OR

IT CAN MOVE DOWN INTO THE JULY 50% LEVEL, WHICH IS ABOVE THE YEARLY HIGHS AND THEN GO HIGHER

IN CONCLUSION

THE MARKET IS GOING HIGHER UNTIL 2020

HOWEVER, WHEN IT HITS 6775, I WOULDN'T WANT TO BE HOLDING LONGS, AS IT RARELY SPENDS MUCH TIME ABOVE THIS LEVEL IN THE PRIMARY CYCLE

6775 IS A LEVEL YOU WOULD LOOK FOR SET-UPS TO CAPTURE SHORTS FOR REVERSALS INTO LOWER LEVELS, AS PART OF A TREND THAT'S GOING HIGHER.

AUSTRALIAN STOCK MARKET - SPI FUTURES 9th June 2019

SPI Primary & Weekly Cycles

BULLISH towards the 100% level in the Primary cycles @ 6775

Random resistance in JUNE @ 6542

Support June 50% level 6337 (& yearly highs @ 6262)

Australian Stock Market - SPI Future 28th April 2019 Monthly Report

SPI Futures Primary & Weekly cycles

The Market hit resistance @6262 and retested the Weekly lows.

I think it's going to move higher once again in the short-term. (Previous Report)

The expectation is that the Markets are going higher into 2020 and as high at 6775 in 2019

However, I would think it would look to top out anywhere between 6465 & MAY highs and revisit the 3rd Quarter 50% level, with hopefully selling is the 2nd half of MAY

If that happens, then I would look for the next move higher, later in the year

Australian Stock Market SPI futures 1st April 2019

SPI Primary & Weekly Cycles

Major resistance 6262, aligns with the Quarterly & Yearly highs.

6262  & 6383

It's like a parabolic rise since the December lows, that I would think it needs to revisit the March 50% level or even the Yearly 50% level sometime in May / June  before it goes higher into 2020-21 (Previous Report)

The Market hit resistance @6262 and retested the Weekly lows.

I think it's going to move higher once again in the short-term.

However, we want to see Markets come under pressure from MAY, so that it can retest the Yearly 50% level, which is our next BUY zone for another move higher into 2020

If weakness comes late in the 2nd Quarter, then the 3rd Quarter support levels move higher.

Expectation there will be higher highs by the end of this year and the start of 2020, so we want to be buying the dips.  

(Read Book - long term investing/accumulation)

AUSTRALIA STOCK MARKET SPI FUTURES 3 MARCH 2019

SPI PRIMARY & WEEKLY CYCLES

Major resistance 6262, aligns with the Quarterly & Yearly highs.

6262  & 6383

It's like a parabolic rise since the December lows, that I would think it needs to revisit the March 50% level or even the Yearly 50% level sometime in May / June  before it goes higher into 2020-21

Australian Stock Market SPI Futures 4th February 2019

SPI Primay & Weekly Cycles

Read the previous report to get a better understanding of the current price action.

As mentioned last month, this now has the feel of the same pattern as 2011.

Weekly lows & 2019 50% level is Support

Random resistance around 6051 in this Quarter

Support in 2nd Quarter 2019 50% level for a move upwards into 2020

AUSTRALIAN STOCK MARKET - 6TH JANUARY 2019 REPORT

SPI PRIMARY & WEEKLY CYCLES

The Australian Stock market has moved down 100% of the Range in 2018. We see these patterns often at the start of BEAR CYCLES.

Expectation that price will continue lower from the 2019 50% level, move down into the 2019 lows and then make higher highs going into 2020.

Even though there's bearish patterns in all INDEX MARKETS, there's too much good economic news coming out of the US for the BEAR trends not to go lower than the 2019 lows.

NOTE:- Instead of going down into the 2019 lows,  Price could go up towards the Quarterly/Secondary cycles (YELLOW) by the 2nd Quarter. IF that happens then there's less likely the market will complete the move down into the 2019 lows, but kick higher in the 3rd Quarter.

PRIMARY CYCLES

We can see the 100%  LOWS in 2011, 2015 and 2018.

The Question now is....

Will 2019 play out the same as 2016 (double Yearly low) or will it follow a similar pattern as 2012 and continue higher in the 3rd Quarter?

Note:- the only failure of the 100% low that didn't support the market was in 2008 during the GFC, but it completed the Bottom at the 2009 lows (double Yearly low)

Overall - BULLISH Long Term

Bearish Short-term