Index Futures, Forex Reports 27th Dec 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

    SPI 24th December 2008 recap

    Trend guide today 3558

    It's either going to push down 44 points, which has been the case around the trend guides (blue channel tops) this week....

    But one thing we need to keep in mind is, there has been a reoccurring pattern of price rotating back towards the 5-day 50% level into the close.

    The 5-day 50% level has shifted higher with yesterday's spike @ 3634.

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    SPI Weekly and 5-day pattern

    Today's bias was to move towards the 5-day 50% level @ 3634 into the close, simply because it's been happening for the past 3 weeks.

    It didn't get that high due to the market closing early, but it was just the case of trading on the side of 3558 today....

    Merry Christmas and I send best wishes to you and your families


    Posted by

    S&P (e-mini) 23rd December 08 recap

    "US markets on Monday closed below the Weekly 50% level, therefore the bias is to continue down....

    At this stage I favour a trading day trading between the Yellow support and the 5-day 50% level"

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    S&P Weekly and 5-day pattern

    Early rise off the lows on Monday back into the 5-day 50% level and the continuation down into the Yellow support level.

    After hour futures trading has broken support (Yellow)....


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    • Posted by

    SPI 23rd December 2008 recap

    "Once again the last 44 point range from yesterday needs to complete before we move into Tuesday's trading.

    Tuesday Trend guide 3567"

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    SPI Weekly and 5-day pattern

    SPI opened lower moved back into 3567 and then for the rest of today slipped lower until there was late buying.

    Late reversal after hours and the usual pattern of rotating back towards the 5-day 50% level, which has been occurring for the past 3 weeks.

    Ideally I would have like the reversal to have occurred after price hit the Weekly lows @ 3468

    But then with less than 1 minute to go and the SPI trading around 3560 the futures shoots up over 200 points.....



    SPI Monthly and Weekly

    The Rally hit the 3-week highs and closing above the Weekly 50% level 3606.

    Tomorrow is the last trading day of the week, so it will be extremely interesting to see where the market closes tomorrow....





    Posted by

    S&P (e-mini) 22nd December 08 recap

    "No probability on direction on Monday, trade on the side of the Yellow filter"

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    S&P Weekly and 5-day pattern

    Monday pushed below the Weekly 50% level breaking the 5-day lows, this isn't a good sign the first day of the new week.

    However, the late buying after hours on Futures keeps the markets range bound around the Weekly 50% levels and within the 5-day pattern.



    Posted by

    SPI 22nd December 2008 recap

    "Trade on the side of the 5-day 50% level @ 3590.

    The last 44 point range from Friday needs to complete before it moves into Monday's trading"....

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    SPI Weekly and 5-day pattern

    SPI completes the last 44 point from Friday down resulting in Monday's trading below the 5-day 50% level and a move down into 3532.

    Very thin volume and volatility on today's trading as traders wind down into the Xmas holiday break.

    The important part on today's trading was the test of the Weekly filter (Brown) @ 3532 and buyers appearing off the lows in after market trading.

    Any higher moves this week ( next 2 days), has to begin with US markets moving higher on Monday allowing the Aussie market to open above 3606 tomorrow.

    If US markets move down on Monday and the SPI is trading below the Weekly lows tomorrow, then we can kiss goodbye any move upwards.



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