Index Futures, Forex Reports 11th Apr 09

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/


OIL Futures:- OIL BOIL

http://www.oilboil.blogspot.com/



Note: Weekly BHP, RIO, and Banking Report Update

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



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    • Posted by

    DOW S&P Daily 9th April 2009

    "US markets support above the Monthly 50% levels....

    And now it's whether this Week continues higher

    Trend guide the 5-day 50% level"

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    DOW Weekly and 5-day pattern

    US markets followed the bounce off the Monthly 50% level with a higher Weekly close, as prices continued upwards from the 5-day 50% level towards Thursday's highs.

    Happy Easter to you all






    Posted by

    SPI Daily 9th April 2009 recap

    "If the SPI is going to follow a lower Weekly close then price should open higher a push down from 3680 towards the 5-day lows.

    If the Weekly 50% level is valid support there could be a higher close or at least fill the upside gaps in late trading

    That can come from price finding support around 3638 and then swing upwards from a lower spiral point or a break and Hook above 3680"

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    SPI weekly 5-day pattern

    SPI opens lower moves up into 3680 reverses down into 3638 and finds buying support, and forms an insdie day.



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    • Posted by

    DOW S&P Daily 8th April 2009 recap

    "US markets back into the April 50% levels

    If the April 50% levels are going to hold, then US markets should bounce off the 5-day lows and swing back towards the 5-day 50% level"

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    DOW Weekly and 5-day pattern

    DOW supported right on the April 50% level, but my ideal pattern was to BUY the Wednesday low looking for a swing back towards the 5-day 50% level.

    Instead price move above the filter @ 7690 and remained above it.



    Posted by

    SPI Daily 8th April 2009 recap

    "Higher Weekly open and 2-day reversal down has played out with today’s open

    Higher Weekly open breaks the 5-day 50% level and price follows a Top-to-Bottom Weekly timeframe?

    If this is the case then expectation price continues down towards the Weekly 50% level 3611"

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    SPI Weekly and 5-day pattern

    Today was all about the 5-day 50% level...

    Once price open and started trading below, price followed the breakout pattern and headed down into the Weekly 50% level @ 3611 finding random support.

    1 day left for the trading week, and there is an expectation of lower prices....

    but the SPI can also swing back upwards and retest the break.

    That will depend on US markets on Wednesday, as they are trading around their Monthly 50% levels.


    Posted by

    S&P (e-mini ) 7th April 09 recap


    "2-day reversal pattern playing out from the higher Weekly open and moving down towards support and the higher timeframe Weekly 50% levels.

    The pattern that I would like to see is price hit the blue channel lows find support on Tuesday, and then continue higher on Wednesday"

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    S&P Weekly and 5-day pattern


    US markets have played out a 2-day reversal into weekly 50% level, and currently the support isn't holding on Tuesday @ 814.

    There can still be an UP day on Wednesday (random length), but that needs to see price back above the 5-day 50% level in early trading.....

    otherwise price most likely to follow the move down into Wendesday's support, as part of a higher Weekly open and reversal down :- 5-day consolidating trading pattern






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    • Posted by

    SPI Daily 7th April 2009 recap

    "I can't see much upside until there is a pullback into the 5-day 50% level.

    Higher Weekly open and trading down from resistance:- 2-day pullback

    Today:- higher spiral point then the day session needs to complete the move down into 3719"

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    SPI Weekly and 5-day pattern

    Higher spiral point on open and expectation there would be some selling down into 3719, which was a random support pattern today:- exit and move to the sidelines.

    Tuesday ended up a consolidating trading day around upper resistance levels...

    Whilst price is trading below 3768 there is an expectation of a pullback into the Weekly 50% level @ 3611

    That down move needs to be trading below the 5-day 50% level.

    Otherwise, after a 2-day reversal pattern or consolidating trading pattern above the 5-day 50% level often the market can follow another higher Weekly move towards 3845.

    That will depend on US markets on Tuesday and whether price is trading above 3768.



    Posted by

    S&P (e-mini ) 6th April 09 recap

    "On Friday there was an expectation of higher prices using support, but on Monday this is less so because it’s now a higher Weekly open with the expectation price would reverse back 2-days into the 5-day 50% level

    Whilst price is above support then it’s going higher.

    Below support and it’s part of a pullback into the 5-day 50% level"

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    S&P Weekly 5-day pattern

    US markets trading around upper resistance with a higher Weekly open on Monday

    And once price started trading below Support, price moved down into the 5-day 50% level.





    Posted by

    SPI Daily 6th April 2009 recap

    "Early this week is about whether the SPI is going to continue up towards April's highs @ 3845...

    Or....

    Follow a 2-day reversal from a higher Weekly open back towards the Weekly 50% level.

    We have higher Spiral points, it's a higher Weekly open and trading around resistance @ 3777

    Therefore at this stage I favour price moving down towards 3719"

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    SPI Weekly and 5-day pattern

    Early resistance and selling pressure around today's highs but no follow through on the downside, not even completing a statistical range of 44 points

    Based on the 5-day pattern extension, it looks like price should complete the move into April's highs @ 3845 in sycom or tomorrow.



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