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S&P (e-mini ) 11th September 09 recap

S&P Weekly and 5-day pattern

SET-UP A completed on Thursday, and there was a view that price would stall at these levels and have a lower Friday close...

But that lower close was based on the support level breaking.

Instead Friday's hit the highs and stalled, but I would be looking for a 2-day pullback next week into support levels (weekly 50% levels)



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    • Posted by

    SPI Daily 11th September 2009

    SPI Weekly and 5-day pattern

    Slow trading day on friday 'capped' around the 5-day and Weekly highs but not reversing down.

    If any reversal down is going to occur it can't break 4626 in sycom and US markets are going to follow SET-UP A and reverse down from the Weekly highs.

    Otherwise it's heading up into September's highs.



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    • Posted by

    S&P (e-mini ) 10th September 09 recap

    "Monday has a mini Thrust pattern because of Friday's close above the Weekly and monthly Balance point.

    A mini Thrust pattern is a rally into the Weekly highs in the first two days of this week

    If that rally occurs and price hits the Weekly highs, then my expectation is that price will once again drift back down into the Weekly 50% level and Monthly Balance point by Friday. (Set-UP A)"

    Report 6th September



    S&P Weekly and 5-day pattern

    This week's set-up has completed on Thursday.

    At the start of the week the move was based on rising into these highs in the first two days and then closing lower by Friday back around the Weekly 50% level once again.

    The move to close lower and around the Weekly 50% level has occurred too late in the trading week for the market to move back down, but nevertheless it's has completed the first stage of the pattern.

    Friday can follow a lower close around the 5-day 50% level, or it can continue to move towards the September highs.




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    • Posted by

    SPI Daily 10th September 2009 recap

    "SPI trading around the highs, and it's simply trading or not trading on the side of the 5-day highs.@ 4569

    Support 4543…

    Expectation of higher prices into the Weekly highs, but that might occur in sycom"

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    SPI Weekly and 5-day pattern

    small range day around the highs, with 4543 holding support and 'spiking up into the R42-44 high @ 4581, before drifting back down.

    US markets should push up into their Weekly highs on Thursday, which should push the SPI up in sycom.



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    • Posted by

    DOW Futures Daily 9th Sept 2009

    DOW Weekly and 5-day pattern

    US markets following last Friday's HOOK close back above support, with the expectation that price is moving towards the Weekly highs this week.

    At this stage price action remains range bound within the 5-day range.





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    • Posted by

    SPI Daily 9th September 2009 recap

    Yesterday's rally and expectation that the SPI needs to complete the move into 4561-69

    Resistance the 5-day highs

    If price is moving down from 4561 and then price is moving back towards the 5-day 50% level (42 points down)

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    SPI Weekly and 5-day pattern

    At the start of the day I was looking for a continuation up towards the 5-day highs @ 4361-69.

    Once those levels were reached I was look for a move back down into the 50% level with a minimum move 42-44 points.

    The SPI moved down 42-44 points, but not from the higher spiral points and 5-day levels, as I hope for.



    Posted by

    DOW Futures Daily 8th Sept 2009

    DOW Weekly and 5-day pattern

    Expectation of a thrust pattern towards the Weekly highs over the first couple of days this week, based on Last Friday's close back above support.

    Tuesday's highs stalled price is rising, but I was expecting a breakout pattern of the highs and a continuation up towards the Weekly highs in the first two days this week.

    Monday being a public holiday didn't help.....




    Posted by

    SPI Daily 8th September 2009 recap

    "With the US futures rising upwards on Monday and following the 'mini-thrust' pattern, the expectation is that the SPI will follow the same pattern and continue toward the Tuesday's highs"

    Trend guide 4482

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    SPI Weekly and 5-day pattern

    SPI following the rise up from last week's support and lower weekly open confirmed with a breakout of the 5-day filter @ 4482....

    US markets to continue higher and I would expect the SPI to follow the move towards the Weekly highs.



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    • Posted by

    SPI Daily 7th September 2009 recap

    "resistance @ 4475-78

    closer to 4475-78 and price can move down into 4445-55

    Unless price is trading below 4445 (support) it's hard to get bearish today other than 20 points"

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    SPI Weekly and 5-day pattern

    SPI opens near resistance and moves down into the trend guide @ 4445.

    Even though this was an expected support zone today, unless the SPI had completed the move down into 4437 (R42-44 lows) and be rising up from the spiral lows, then it was another consolidating trading day.

    Hard to get bearish whilst price is above Weekly support levels...

    And US markets above their own suport levels on Monday, even though Monday is a public Holiday in the US.


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