AUSTRALIAN STOCK MARKET 7TH AUGUST 2022 MONTHLY REPORT

 

AUSTRLIAN MARKET PRIMARY CYCLES

July pump on the back of the S&P 500.

I expect more gains going into the end of August 2022 50% level - minimum move. 7203

Bullish move all the way to 7524.

Best to read the S&P 500 report to get a gauge on my view going into the end of the year

AUSTRALIAN STOCK MARKET SPI FUTURE 2ND JULY 2022

 

AUSTRALIAN STOCK MAKRET YEARLY AND PRIMARY CYCLES

All eyes on the US markets, (Read S&P 500 Report).

If there is a July Rally, then Target is the 2022 50% level (take the money and run)

Currently holding the 2022 lows.

Extension in the 3rd Quarter is down to 6,064

However, it wouldn't surprise me to see a July Pump, and then a larger sell off in the latter part of the 3rd Quarter down to those lower levels 

AUTRALIAN STOCK MARKET - SPIT FUTURES 5TH JUNE 2022

 

SPI YEARLY AND WEEKLY CYCLES

Really thought price would hit the MAY lows at the same time the S&P 500 hit it's Yearly lows. (Read US Report)

Australian Market holding up well on the back of Commodities and back above the yearly 50% level.

By the look of the price action, it's either going to continue higher, or move into a sideways pattern into the start of the 3rd Quarter.

All eye on the US MARKETS

AUTRALIAN STOCK MARKET - SPI FUTURES MONTHLY REPORT 11th May 2022

 

SPI YEARLY AND PRIMARY CYCLES

Target of the downside is the May lows 6787, which might not happen until next week.

However, I think the SPI will push lower in June and touch the Yearly lows around 

6430 - 6565

and mostly hold support for the rest of the Quarter.

a True Bear Market will break these Yearly lows late in the 3rd Quarter and extend down into the 1st Quarter of 2023, which will complete the bear market bottom.

So any buying around the 2022 lows this Quarter, keep stops tight later in the 3rd Quarter

AUSTRALIAN STOCK MARKET - SPI FUTURES 4TH APRIL 2022

 

PRIMARY & WEEKLY CHARTS

       A huge run up on the back of rising commodities, heading towards the 2022 highs

Resistance levels 7676 - 7755

AUSTRALIAN STOCK MARKET SPI FUTURES 6TH MARCH 2022

 

AUSTRALIAN STOCK MARKET PRIMARY AND WEEKLY CYCLES.

Whilst below the yearly 50% level, it's in a BEAR MARKET @ 7116.

However, in the month of March, it's above the March 50% level, and if it remains above this going into April, then we can see a move towards the 2022 highs later in the year., or the back of commodities. 

The exact opposite if below the 2022 50% level and APRIL, as the 1st Quarter is currently support the down trend (Yellow), but can form resistance in April - June.

Then you would be sitting it out until the 2022 lows are reached later in the year and potentially and dip further in 2023. 

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)