Index Futures, Forex Reports 6 SEPT 2008


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, JPY/USD

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


Note: Weekly BHP and Banking Reports Update

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





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    • Posted by

    DOW S&P Trading 5th Sept 2008 Recap

    Morning Report.....

    " Trading Range :- Friday's 50% levels and Friday's low support.....

    Counter-trend UP day could be from a test of the lows early on Friday, which might get some short-covering back into the 50% level, but I'd be surprised to see a major counter-trend UP move on Friday from the lows..."

    DOW Daily and 5-day pattern

    Basically the expectation were for the lows to support the market on Friday and continue back towards the 50% level, which will probably reach by Monday.

    Weekly breakout this week and trading below the Weekly lows, then early next week the Weekly 50% level should be a trend guide on any move lower to test next week's lower Weekly lows.


    Posted by

    SPI Trading 5th September 2008 recap

    "It's a bummer, because I was hoping that on Friday we would be trading down from
    the 5-day lows @ 4998, and into Friday's lows @ 4889.

    Instead we are opening below Friday's lows.

    Simply use the 5-day levels 5803 Support and 4889 resistance

    and Spiral filters and keep out of trouble..".

    Morning Report
    SPI Weekly and 5-day pattern...

    Precise 5-day range trading from support and into resistance...

    Test of Weekly lows and support @ 4830.

    Weekly Report out tomorrow.



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    • Posted by

    DOW S&P 4th September 2008 recap

    Morning Report:-

    "higher Weekly sell-off and trading below the Weekly 50% levels.

    How often have we seen this exact same pattern over the past 4 weeks, only to see US markets rise higher into Friday.

    The only difference this time around is the shift in the monthly dynamics.

    Every Weekly reversal pattern has started with the 2-day drop into support, reversal upwards, and then the following day support pushes both markets higher into Friday.

    That might once again be the case on Thursday....or not, as seen with the SPI this week (Expectation of a lower close on Friday)

    Simply trade on the side of the yellow filter :- 5-day lows random support but less likely to support on the day the yellow channel breaks"



    DOW Daily and 5-day pattern

    US markets break support (Yellow), and continue with the down-trending day, as it follows the Weekly timeframe of a lower close by Friday.



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    • Posted by

    SPI Trading 4th September 2008 recap

    Morning Report....

    "In any Up trending market, this test of the Weekly 50% level and the 5-day 50% level can continue higher.

    But as pointed out yesterday:- September 50% level rejection can push this Weekly timeframe lower by Friday.

    Therefore Thursday's trading is going to be defined by the 50% levels, along with 'Open Trading':- range closes @ 5103 :- it will be a spiral top which should push down.

    Today:- judge the market using the 50% levels @ 5102 and filters...."




    SPI Weekly and 5-day pattern

    Sell off from the 5-day 50% level and open trading and continuation down into the 5-day lows...

    Expectation that the SPI should continue down into a lower Friday close, and depending on US markets a lower open further down on Monday.


    Posted by

    DOW S&P Trading 3rd Sept 2008 Recap

    Wednesday Premium Report...

    "Monthly 50% level resistance:- trade on the side of the Yellow filters and use the 5-day patterns....

    In that case:- 5-day 50% level resistance & Yellow levels support"



    DOW Daily and 5-day pattern

    Trading below the Weekly 50% level, and price once again following the 5-day pattern of support and rotation....

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    • Posted by

    SPI Trading 3rd September 2008 recap

    "SPI hit the September 50% level in Sycom, and US markets reversed down from their September 50% level on Tuesday.

    There is an expectation that September 50% level will remain resistance for at least 2-Weeks.

    Today's lower open can be classified as part of a 2-day stall at the start of the trading week, which often comes back and re-tests the 5-day 50% level before any new trade develops.....

    The 5-day 50% level on Wednesday is veiwed as random support:- which means it could support the market for a period, and if it breaks then its heading down into 5041, which matches the Weekly 50% level.

    Note:- By looking at the Weekly chart and the Monthly levels, we should be reminded that the SPI can continue lower into Friday, especially if it breaks the 5-day 50% level.


    Today it's all about the filters"....



    SPI Daily and 5-day pattern...

    SPI Reverses down from it's open @ 5152 using the Dilernia principle of 'open trading'...

    continues down into the 5-day 50% level @ 5097, breaking and continuing down into the Weekly 50% level finding support....

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    • Posted by

    S&P (e-mini) DOW 2nd Sept 08 Recap

    "Monthly 50% levels resistance:- simply trade on the side of support (yellow) and follow the 5-day patterns"

    Premium Report
    S&P Daily

    Rally from support into the 5-day highs and monthly 50% levels for September, and a rotation back down below support.....

    Wednesday should be an interesting day.....


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    • Posted by

    SPI Trading 2nd September 2008 recap

    Morning report:-

    "Yesterday was all about the R44 low and Thursday's 5-day high:- support.

    And today it's all about Friday's 5-day high and the R44 Spiral top.....

    Above 5145 and it's continuing towards another R44 range :- note the last R44 range from Monday needs to complete to move into Tuesday's range (Open Trading)

    No probability on direction:- trade the levels."



    SPI Recap 16:25

    All about Friday's highs and the R44 ranges today....

    R44 hook above 5145 and continuation up into an R44 high @ 5184.

    R44 Hook back below and a continuation down into an R44 low @ 5109.....


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    • Posted by

    SPI Trading 1st September 2008 recap

    "Friday high resistance and the expectation is that if the SPI is going to continue higher then it should complete the R44 range down @ 5111...

    1. Remains above Thursday's 5-day high and rises up from the R44 low and continues higher on Monday."

    Morning report...



    SPI 16:05 recap

    Slow day with Thursday's highs still supporting the Market and some late buying pushing the SPI higher into the close.

    Posted by
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