Australian Stock Market Weekly Report

AUSTRALIAN STOCK MARKET 7TH FEBRUARY 2022

SPI YEARLY AND WEEKLY CYCLES

There's a each way play at the start of the new Year.

1. pumps to the 2022 highs and reverses down

2. sells down into the 2022 50% level at 7118, stabilises and then moves upwards and reaches the 2022 highs in late March or April/MaY (previous Report)

The Australian Market looks bearish, it's below the 2022 50% level

and also in a Break and Extend pattern in January,

that can see the February 50% level form resistance and push price back down towards the lows.

The concerning pattern also begins in the 2nd Quarter, as currently it's supporting price (Yellow), but could end above price, pushing the trend down towards the 2022 Yearly lows in the 2nd half of the year.

However, as much as the Aussie market looks bearish, the US market is still above the 2022 50% level.

(Read the US Report)

Australian Stock Market - SPI futures - 4th January 2022

SPI Primary & Weekly Cycles

Australian market will closely follow the S&P 500.

There's a each way play at the start of the new Year.

1. pumps to the 2022 highs and reverses down

2. sells down into the 2022 50% level at 7118, stablises and then moves upwards and reaches the 2022 highs in late March or April/May

Australian Stock Market - SPI Futures 5th December 2021

SPI Primary & Weekly Cycles.

Below the December 50% level is not in a good position, but the direction of the Australian Market will be dictated by what occurs in the US markets.

Read S&P 500 Report

S&P 500 Market Weekly Report: S&P 500 E-mini Futures 5th December 2021 (usindexweekly.blogspot.com)

The Australian Market will follow a similar path, and if it does move lower, then it can dip down as far as 6778 - 4th Quarter

Zig- Zag into the end of the Year, as it aligns with the 2022 50% level, for an attempt to new highs in 2022

AUSTRALIN MARKET - SPI FUTURES 7TH NOVEMBER 2021 MONTHLY REPORT

SPI PRIMARY AND WEEKLY CYCLES

LOOKS TO BE HITTING THE 4TH QUARTER HIGHS AROUND 7845 IN DECEMBER.

I'M GOING TO FIND IT HARD TO SEE IT BREAK THROUGH WITH OUT A DECENT PULLBACK.

A NOVEMBER CLOSE ABOVE 7845, WILL SEE IT CONTINUE TO TREND HIGHER INTO 2022.

AUSTRALIAN STOCK MARKET 4TH OCTOBER 2021 MONTHLY REPORT

SPI PRIMARY & WEEKLY CYCLES.

Technically it's coming down from the 2021 highs, as well as the shit hitting the fan in China with Evergrande and also the falling price of IRON ORE.

October lows is a Random support zone. 7009

If the shit hits the fan, then a wick down into 6778 and then buying support into the end of the Year.

Australian Stock Market - SPI Futures 4th September 2021

Australian Stock Primary & Weekly Cycles

Price did stall around the August highs, but the S&P 500 has still to reach it's own 3rd Quarterly highs, which might happen next week.

Based on that scenario, we could get a quick run in the Australian Market up to the 3rd Quarterly highs at 7750, before any potential reversal happening.

If there is a reversal, is it going to be much?

Read the S&P 500 for an expectation that the trend is going to continue higher into the 1st Quarter of 2022.

Therefore, if price is back down into the Weekly lows (September 50% level) around the 3rd week of September, then we look for a potential last week of the month for the trend begin another leg up and into the new higher highs into the 4th Quarter.