Index Futures, Forex Reports 18th 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

    S&P (e-mini ) 17th April 09 recap

    "US markets should push higher on Friday into the 5-day highs and hopefully reverse back down in late trading.

    At this stage i'm factoring in that the Weekly highs are resisting price on Friday"

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    S&P Weekly and 5-day pattern

    US markets pushed higher on Friday into upper levels.

    Except any late selling didn't play out on Friday.

    Weekly levels shift upwards once again next week.


    Weekly Report out later

    Posted by

    SPI Daily 17th April 2009 recap

    April's Highs reached with precise tops on Friday @ 3852.

    This completes my 2-month wave pattern from March lows.

    Expectation of a pullback into 3796 (random support).

    move back into the 5-day 50% level in Sycom

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    SPI Weekly and 5-day pattern

    SPI sell off on Friday from precise tops.

    Was expecting a reversal towards the 5-day 50% level, but in sycom and not the day session, but it's the pattern than I favoured.

    Let's see how well the channel lows and the 5-day 50% level support the market next week....

    Because i'm looking for a reversal back down into the Monthly 50% levels.

    Which is a lot lower.

    Weekly report out tomorrow




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    • Posted by

    S&P (e-mini ) 16th April 09 recap

    "2-day reversal down on Monday and Tuesday....

    3rd day UP move on Wednesday normally continues higher on Thursday

    5-day 50% levels support (trend guides)

    Thursday's highs random resistance"

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    S&P Weekly and 5-day pattern

    As per yesterday's SPI report (read below), there was an expectation of higher prices on Thursday using the 5-day 50% level towards the highs....



    Posted by

    SPI Daily 16th April 2009 recap

    "SPI pushing up towards the April highs @ 3845....

    Trend guide is 3780

    Above 3780 and it's pushing up into the 5-day highs (random resistance) @ 3811"

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    SPI Weekly and 5-day pattern


    SPI continuing higher this week following the 5-day pattern, and with the view the market is following the monthly path towards April’s highs @ 3845.

    Yesterday started with the break and hook pattern above 3739 upwards.

    today followed early support @ 3780 pushing the market higher into the 5-day highs @ 3810.

    There is still a Gap on the downside to be filled @ 3692, but looking at the US markets I’m leaning towards another Up day on Thursday….

    Simply because US markets are currently trading above their 5-day 50% level, and is following a 2-day reversal pattern down (Monday-Tuesday) and a 3rd day UP move (Wednesday).

    Normally Thursday continues higher towards the 5-day highs.

    If that’s the case then the April highs @ 3845 might be reached by tomorrow.


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    • Posted by

    S&P (e-mini ) 15th April 09 recap

    "I would treat US markets with the same patterns....

    Around the Weekly highs random resistance and short-term pullbacks within the 5-day pattern in a rising trend (Weekly Report)

    We had the same pattern as last week and a 2-day pullback

    Last week after the 2-day reversal prices rose upwards, 3rd day UP move.

    Trade on the side of the 5-day 50% levels (green dotted)"

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    S&P Weekly and 5-day pattern

    US markets followed the same pattern as last week.....

    3rd day UP move from the 5-day 50% levels, and will probably continue towards the 5-day highs on Thursday.

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    • Posted by

    SPI Daily 15th April 2009 recap

    "Yesterday moved up into the 5-day highs and has reversed back down.

    Based on this pattern I’m expecting more downward pressure to at least close the gap @ 3692.


    Price is back inside the 5-day filter channels (blue), therefore the bias is to continue down.


    I'm not expecting a move above the blue channel highs, but any ' Hook' pattern above and the bias is to continue upwards"

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    SPI Weekly and 5-day pattern

    I was expecting a down day today and a move down to close the gap @ 3692

    After yesterday's trading and today's open (below 3739) my expectation was to push down 44 points into 3692 and then move upwards into a consolidating trading day.

    Instead price moved up early and above 3739 into a Spiral high resulting in a trading day consolidating above 3739.

    Choppy trading day....


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    • Posted by

    DOW S&P Daily 14th April 2009 recap

    "Monday’s lower close in late trading isn’t a good sign that in the short-term US markets will continue higher.

    Simply based on Monday’s trading I would lean to a move back into the Weekly 50% levels, as part of a 2-day stall"

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    DOW Weekly and 5-day pattern

    Looking at the 5-day pattern, there wasn't anything to set-up a ‘short’ unless price broke support or moved up towards the Tuesday highs.

    Once again it was about trading on the side of Yellow support, as there was early support pushing higher....

    But Tuesday followed the 2nd stalling day moving down towards the Weekly 50% level .



    Posted by

    SPI Daily 14th April 2009 recap

    "Because there is a breakout of the 5-day blue channel, price normally moves towards the 5-day highs:- 3776-3795

    The closer price opens to support 3710-15, the bias is to continue into a higher daily close with upside targets 3776-9"

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    SPI Weekly and 5-day pattern

    SPI opens above support resulting in a breakout pattern in the 5-day range, and price continues towards the Weekly highs...

    A lot of resistance around these levels, especially around the Weekly highs.

    First target of 3776 did play out, but I expected a move towards 3798 in late trading....

    Instead sellers appeared around the highs once again.


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    • Posted by

    S&P (e-mini ) 13th April 09 recap

    "An early move up towards the Weekly highs is more likely,as this pattern has played out bouncing off the Monthly 50% level

    Simply define Monday's trading by the Yellow support levels"

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    S&P Weekly and 5-day pattern

    US markets continue upwards (as per Weekly report).

    Monday's trading range bound between support and highs.


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