Index & Stock Rpts 3rd July 2010 Weekly

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    • Posted by

    S&P (e-mini) 2nd July 2010 Daily recap

    breakout of the Weekly lows @ 1037.75 may resist the trend from rising higher this week, and then continue with the downward trend into next week’s lows:- break and extend pattern

    Friday continues up towards the daily 50% level @ 1037.75 but struggles to rise higher as price is trading below the Weekly lows.

    If this occurs this can set up a move down towards next week’s lows.



    S&P Weekly and Daily range

    Didn't rise up high enough into the Daily 50% level, but the pattern of continuing down into next week's lows and the July lows is still part of the expectation


    Posted by

    SPI Daily 2nd July 2010 recap

    If the R42 range moves upwards and completes the range, then 4251 can set-up another move down into the lows once again @ 4207

    However it might take a couple of hours for that to happen...

    Resistance 4251

    Support 4207     SPI Weekly and daily range

    Higher daily open around 4251 and a choppy R21 range either side of 4251.

    Once 11.20 was over and the market settled below 4251 the bias was to continue down to support @ 4207


    Posted by

    S&P (e-mini ) 1st July 2010 Daily recap

    Random support Thursday lows :- Resistance Daily 50% level.

    The set-ups will be dependent on which occurs early on Thursday.




    S&P Weekly and Daily range

    If the market moved up early on Thursday the bias was to continue down towards Thursday’s lows using resistance, as part of the trend towards the July lows.

    Instead the market moved down early and found support on Thursday’s lows, and will most likely continue towards the Daily 50% level on Friday.





    Posted by

    SPI Daily 1st July 2010 recap

    Market is below the Weekly lows @ 4278 and the expectation price is heading down towards the July lows

    Resistance 4255
    Support 4203



    SPI Weekly and Daily range.

    42 point rotation down from resistance in early trading and into Thursday’s lows (Support 4198-4203)

    42 point rotation up from support forming another spiral top pattern, which has provided every down trend this week....

    And more weakness into the close, and there is still the expectation of continuing towards July’s lows.

    R42 Range and 5-day pattern

    Down Trending week has followed a similar pattern each day of rising up 42 points, as shown and then heading lower from the R42 spiral tops.

    Once this week is over this pattern should become less frequent, as price begins to hit larger timeframe support levels.




    Posted by

    S&P (e-mini ) 30th June 2010 Daily recap

    "Currently the S&P is trading around the Weekly lows @ 1037, with the expectation the trend is continuing down into July’s lows.

    Random support 1037"



    S&P Weekly and Daily range….

    There were two patterns at play on Wednesday…..

    #1) Weekly lows @ 1037 supports the market and price swings up towards the daily 50% levels and stalls (resistance).

    #2) Below 1037 and price continues towards Wednesday’s lows & June lows on the last day of the month, and then continues down towards the July lows.


    Today saw early support at the Weekly lows with a double bottom and 8.5 rise until afternoon trading, sending the S&P down into the Daily lows and towards the June lows on the last day of the month.

    And likely to continue down towards the July lows




    Posted by

    SPI Daily 30th June 2010 recap

    Key levels today are going to be the 10 day range (Yellow) @ 4240.

    Above and a swing of 42 points, but might struggle to rise beyond 4278.



    SPI Weekly and Daily range.

    It was a simple case of trading on the side of 4240.

    Above and it was filling the gaps with 42 points rises, as has been the case this week with the market moving up 42 points and then selling off into the daily lows.

    This time price was swinging back towards the daily lows @ 4295 (Wednesday's lows), but struggling to remain above the Weekly lows @ 4278.

    If the market was below 4240 then it’s part of the trend towards the June lows and then continuating down into the July lows in the 3rd Quarter.




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    • Posted by

    DOW Futures 29th June 2010 Daily recap

    "Trend bias is to continue down towards the July lows next week, with the daily lows less probability of support on Tuesday

    If short the DOW, continue to hold the trade until next week"


    DOW Weekly and Daily range.

    Monday’s Weekly 50% level rejection has set-up a continuation of the trend down into the June lows and towards the July lows…

    Daily lows on Tuesday weren't going to hold, as a last week of the 3rd month will more often than not trend downward into the Monthly lows.

    This was set-up with Monday's price action and Weekly 50% level resistance.

    Possible 3rd Quarter target as far as 9124 (Yearly 50% level)






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    • Posted by

    SPI Daily 29th June 2010 recap

    Last Week of the Quarter sell down towards the July lows, & today's trend guide is 4369.

    The trend bias is to continue down towards the Daily lows on Tuesday @ 4326


    SPI Weekly and Daily range

    Last Week's reversal pattern below the June 50% level and this normally leads to a continuation of the trend during the 2nd Quarter and extension down into the 3rd. (July's lows)

    Today:- Early support and a rise upwards of 42 points.

    That extended the early move, but once the market closed back below 4380 the bias was to follow the larger trend down towards the daily lows @ 4326



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    • Posted by

    S&P (e-mini ) 28th June 2010 Daily recap

    Trading below the Weekly 50% level with a downward bias towards the July lows.

    However, S&P will be back inside the blue channels:- random support @ 1069.75.




    S&P Weekly and Daily range

    choppy trading day with random support providing a 8.5 reversal upwards but a failure to continue back towards the 50% levels.


    Posted by

    SPI Daily 28th June 2010 recap

    Larger trend is pushing the market lower towards July’s lows:-

    Monday’s Trend guide 4419

    Support 4369 (Monday’s lows)



    SPI Weekly and Daily range…

    If the SPI was above 4419 the bias was to move into the Weekly 50% levels (resistance).

    Once below 4419 the bias was to follow the trend lower into Monday’s lows, and the usual 42 point range.

    Currently 4369 is supporting the market, however the trend at the end of the Quarter can continue to push the market lower into the 3rd Quarter lows in July.





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