sp asx 200 : critical support 5557

Australia S&P /ASX 200 : Critical Support 5557

Monthly Cycle Pivot Centers : 5588 - 5650 - 5803
 Normal Lower Limits : 4700 - 4800 - 5023
Normal Upper Limits : 6476 - 6500 - 6584

Weekly Cycle Pivot Centers : (5608) - (5623) - (5694)
 Normal Lower Limits : 5238 - 5279 - 5407
Normal Upper Limits : 5936 - 5981 - 6007

Weekly Cycle Projected Series : ... 5407 - 5455 - 5503 - 5527 // 5551* - 5575 - 5599 - 5622 - 5646* - 5670 - [5694] - 5718 - 5742* - 5766 - 5790 - 5813 - 5837* // 5861 - 5885 - 5933* - 5981 ...
Weekly Cycle Congested Area : (5203 - 5366 - 5530 - 5694 - 5858 - 6022 - 6185)

Remarks : The market is stable when it is able to consolidate within the weekly cycle pivot centers at (5608) - (5623) - (5694). On the other hand speculative selling pressure will increase when the market is trading below the monthly cycle pivot center at 5588. The weekly cycle congested area indicates that the market has a tendency to trade between 5366 - 5530 - 5694.

Directional Indicator : 5276* - [5557] - 5588 - 5591* - (5608) - (5623) - 5650 - (5694) - 5803 - [5908] - [6479] - 6670*
Significant Supporting Levels are 5276* - [5557] - 5588

ASX 200 : Monthly Cycle Charts
http://www.qindex.com/axjo.html
Albert Cheung (Ph.D.)