SPI Daily 8th September 2010 recap

Resistance 4566-72

Support 4526-31

Based on the spiral filter @ 4566 and 4572, my view is to move down towards support levels @ 4526-31


SPI Weekly and Daily range.

Early rise into resistance levels and a push down into support levels.

I would look at the current price action and think that the SPI would rise up from these support levels and begin the next leg upwards and into the September highs.

However, the patterns in S&P 500 aren't so bullish on Wednesday for the above pattern to be as reliable as on other occassions.





Posted by Frank Dilernia

S&P (e-mini ) 7th September 2010 recap

Resistance Weekly and Daily highs @ 1115

Trend guide 1100.50

Support 1087.25



S&P Weekly and Daily range.

Ideally I wanted to see the S&P move up into 1115 and hit resistance before reversing around this week

But that came early with Tuesday’s move back inside the channel @ 1100.50 and a rotation  towards the Daily 50% level.




Posted by Frank Dilernia

SPI Daily 7th September 2010 recap

Trend bias is to continue higher towards the September highs.

However, price is opening below 4598, which is seen as resistance today.




SPI Weekly and Daily range.

Market opened lower that expected and price never reached resistance levels for a robust short-trade.

Instead the market consolidated for most of the day until the % rate news came out.@ 14.30.

Today was the first time is 7 days that price had opened below the filter, therefore there was a bias to try and continue lower today towards support levels @ 4526.





Posted by Frank Dilernia

SPI Daily 6th September 2010 recap

Using the day session and spiral filter there are resistance levels @ 4588.

Trend guide using the filter @ 4577

Random support @ 4542.

Premium Report


SPI Weekly and Daily range

Higher daily open aligned with Monday’s highs @ 4588 and a swift down move of
42 points towards support 4542

The rest of today has moved into a consolidating pattern, which is often
the norm after the completion of the 42-point range, and as part of
the trend bias upwards.

At this stage the Trend bias is to continue towards the Monthly and
Weekly highs.



Posted by Frank Dilernia

Index, Forex & Stocks 4th Sept 2010 Weekly

Weekly Index & Forex Reports out now...
Australian Index (SPI) Futures

http://austindex.blogspot.com/


DOW and S&P Index Futures

http://usindexweekly.blogspot.com/

US Dollar INDEX, AUD/USD, EUR/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

Posted by Frank Dilernia

S&P (e-mini ) 3rd September 2010 recap

Trend bias is to continue upwards on Friday towards 1098.50 to 1102


S&P weekly and Daily range.

Trend bias was to continue to move towards higher highs on Friday and back into the 3rd quarter resistance levels as per Weekly report:- @ 1098.50 to 1102


Those highs were seen as resistance levels, but there is a shift in market dynamics that points to more gains next week with Friday’s close

Weekly Report out later





Posted by Frank Dilernia

SPI Daily 3rd September 2010 recap

SPI Trading around resistance levels: - Weekly highs @ 4569

Spiral filter @ 4557 and Trend guide:- 4551

Support:- 4522 (Weekly level)


                                                             SPI Weekly and Daily range

Higher daily open and fade down from open using a shift in the daily pattern from 4510 to 4551, along with the spiral top @ 4557

Trend reversal was based on either the market continuing down into the 5-day 50% level @ 4483, as part of retesting Wednesday's breakout...(4471)

or it was going to find support around the weekly level @ 4522 and consolidate, which it did.

Market dynamics suggest further gains next week towards the September highs...

And that will depend on how the S&P 500 responds to non-farm payroll out tonight.





Posted by Frank Dilernia

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

Weekly 50% levels: is now the trend guide @ 1079


Breakout on Wednesday should continue up into Thursday's highs. (Resistance):- break and extend pattern


S&P Weekly and Daily Range.

S&P continues with the break and extend pattern from Wednesday into Thursday’s highs.

Normal resistance pattern and a 8.5 reversal pattern failed to materialise, and price now looks like moving upwards on Friday towards 1098.50 to 1102


Posted by Frank Dilernia

SPI Daily 2nd September 2010 recap

5-day breakout and extend pattern completed from 4471 into 4577

Price is also trading around the Weekly highs, therefore I'm looking for a higher daily open that pulls back into support levels.


SPI Weekly and Daily range.

Higher daily open around resistance levels and a fade down from the weekly highs into support levels to close out the day.

As pointed out in the Weekly report, once above the September 50% levels there is a trend bias to move towards 4672

The expectation of the UP move and trend direction will be determine by the S&P 500 remaining above the September 50% levels






Posted by Frank Dilernia

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

"If US markets are going to follow my view of moving lower, then today's set-up is a high probability short-trade for a move back down into the Weekly lows...

If not price will continue higher.

The trend guide is simply the 5-day 50% level"



S&P Weekly and daily range.

The first day of September and price was starting with a higher daily open and trading around resistance levels (below September 50% level).

Market dynamics was different compared to the Australian Market, so my natural expectation is to look at the pattern and factor in a continuation of the move down:- using higher timeframe resistance levels

However, that wasn’t going to happen if price is above 1056:- Weekly level and 5-day 50% level.

Once above the September 50% level @ 1063 the trend bias was to follow the trend upwards and back towards the weekly 50% level 1079.

There is a breakout of the daily highs on Wednesday, therefore the trend is expected to continue upwards, and any further gains will now depend on 1089.50 once again, and whether the trend continues to 1102 by Friday



Posted by Frank Dilernia
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