Index Futures, Forex Reports 9th Aug 08


Weekly Index & Forex Reports out now...


Australian Index (SPI) Futures

http://austindex.blogspot.com/

DOW and S&P Index Futures

http://usindexweekly.blogspot.com/


EUR/USD, AUD/USD. GBP/USD

http://www.forexspread.blogspot.com/


Note: Weekly BHP and Banking Reports Update

http://aussie-stocks.blogspot.com/

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    • Posted by

    S&P (e-mini) DOW 8th August 2008 Recap

    "Thursday down day, as per yesterday's report, but price is still trading above the Weekly 50% levels.....

    Above 5-day 50% level and expectation price is heading back towards the 5-day highs.

    Ideally the best set-up would occur around the blue channel (Support):- Random length on any rise higher."

    Yesterday's report



    S&P Daily and 5-day pattern

    US markets continue higher following the 'pop' at the start of August and a higher close on Friday :- Weekly 'bar'.

    This week was to follow the 5-day trading pattern set-ups, with the expectation of price moving back into the monthly 50% levels and Weekly highs on Friday.



    Posted by

    SPI Trading 8th August 2008 Recap

    "5-day 50% levels 'support' (4884), but best to verify any trades with the Spiral filters today.

    There is no probability pattern or direction today:- it's either going to find support around the 5-day 50% level, or continue down into Tuesday 'gap':- random support 4850.

    Morning Report






    SPI Daily and 5-day pattern

    SPI moves down on open into the 5-day 50% level and rises up from the spiral low point and continues higher into a double R44 pattern top....

    Posted by

    S&P (e-mini) DOW 7th August 2008 Recap

    "Very similar 'bar' formations around yesterday's highs, as what occurred two weeks ago.

    I mentioned on Wednesday, if there was going to be any reversal in the market it would come on Thursday once the support levels catch up with price. The same thing occurred two weeks ago.

    Those support levels have caught up with price :- therefore traders need to trade on the side of the Yellow levels.

    Below those levels and US markets often drift lower on the same day, however I'm not expecting price to move much further down than the 5-day 50% level"

    Yesterday's report.

    S&P Daily and 5-day pattern

    US markets followed the same pattern as each other:- support off the 5-day 50% level early in the day hitting resistance, and then 'short-trading' the market below the Yellow filter, as price drifts lower on Wednesday.


    Posted by

    SPI Trading 7th August 2008 Recap



    SPI Daily & 5-day pattern

    SPI Trading below the August balance point, whilst US market continue higher into resistance.

    As mentioned in the Premium Report:- trade the levels within the 5-day pattern and focus on 44 point moves :- rejection away from those levels.



    Posted by

    S&P (e-mini) DOW 6th August 2008 Recap

    S&P daily and 5-day pattern

    Small Range day on Wednesday as it travels towards the Weekly highs.

    No Probability pattern for Wednesday, but the next pattern should come into play for Thursday's trading, as per Premium Report.

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    • Posted by

    SPI Trading 6th August 2008 recap


    SPI Daily and 5-day pattern

    Early this Week the Aussie market followed the B Set-up of a 'sell' down into the Weekly lows, whilst US markets pushed higher (Read Below).

    On Wednesday there was no probability pattern, it was simply trade the levels shown in the 5-day pattern.

    Posted by

    S&P (e-mini) DOW 5th August 2008 Recap

    DOW Weekly and Daily charts

    US markets following the Set-up A:- the 'pop' up from the August midpoint towards the Weekly highs, as per Weekly report.


    "US markets are trading around their 50% levels, and just waiting to push away.....

    if US markets open above those levels, there is nothing to say US markets can't rise up towards their 5-day highs. (A Set-up)"


    S&P Daily and 5-day pattern

    US markets trading above their Weekly 50% levels, and price action is favouring the A Set-up from the Weekly report.

    Thrust pattern from the 5-day 50% level towards the 5-day highs , as it continues back towards the August 50% level.

    Posted by

    SPI Trading 5th August 2008 recap



    SPI daily and 5-day pattern

    SPI completed the first part of the B Set-up:- moving down this week into the Weekly lows.

    Support as always around the 5-day lows:- 4754:- but when the price broke lower and then 'hooked' back inside, it set-up a short-term bullish pattern, and short-covering into the close.



    SPI 5-day pattern & spiral filter


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    • Posted by

    DOW (S&P) Trading 4th August 2008

    After reading the Weekly report i'm bearish on global Markets in August, but at this stage US markets are still trading above their Weekly 50% levels.

    Monday pushed lower, but the next wave will occur on the break of the 5-day lows.

    For day traders it's simply trade on the side of the blue channels


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    • Posted by

    SPI Trading 4th August 2008 recap

    SPI 15:50 Recap

    After reading the Weekly Report, the expectation is that SPi is moving lower in August and following the B Set-up.

    Today the SPI moved in it's usual 44 point rotating pattern, supported around 4859 using the 5-day filter patterns.

    Market held up due to Financials rotating back towards their own Weekly 50% levels, which should be completed by tomorrow.



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