Index, Forex, Stocks 11th DEC 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, TLS, and Banking Report Update

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html

S&P (e-mini ) 10th December 2010 Recap

Trend bias towards 1249



S&P Weekly and Daily range

As per Weekly report, the trend bias is towards 1249 during December...

However, Friday's daily range stopped the trend from continuing upwards.

• Daily Trading Set-ups & Analysis
• Index Futures SPI, DOW S&P, & Forex
• Subscribe to the Trader Premium
• http://www.datafeeds.com.au/premiumtrader.html

SPI Daily 10th December 2010 recap

Support 4733-4735

This is could result in Friday continuing to trend upwards @ 4764, but it could also see Friday consolidate around the highs, as the weekly levels continue to form resistance for this week.



SPI Weekly and Daily range.

SPI moved down into support levels @ 4735 and then proceeded to move upwards, but then Weekly levels formed resistance once again….

This week has seen a higher Weekly close (bottom to top), but today has consolidated around the highs with a trend bias towards 4832-41


Things get interesting next week:- read tomorrow's Weekly Report

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html

S&P (e-mini ) 9th December 2010 Recap

Resistance @ 1238 using the upper timeframe levels



S&P Weekly and Daily range

S&P moved up into 1238 and then has reversed down into the daily 50% level finding support and a market that looks to be continuing higher in the short-term as per Weekly report.

There were two of possible patterns for Thursday.

A. Remains within the daily range using the Daily and monthly highs as resistance @ 1238

B. Or breaks out of the highs, as the S&P continues to trend towards 1249+ and (December highs) as shown in the previous chart


The S&P remained within the daily range, but at this stage I still favour a move towards higher highs on Friday.

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html

SPI Daily 9th December 2010 recap

My view is that Thursday will continue higher and back towards 4749, as part of a weekly trend that's moving upwards and into a higher high by Friday

Trend guide is 4714 with an upside target Thursday's highs:- 4749 to 4757



SPI Weekly and Daily range.

Test of support @ 4714 and upside move into Thursday’s highs

Currently there is resistance around these upper levels…

But I’m looking for the market to close on its highs on Friday.

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html

S&P (e-mini ) 6th December 2010 Recap

Trend guide based on the lower channel @ 1217.25.




S&P Weekly and Daily range


This week has seen the market continue up towards the Weekly highs and reverse down on Tuesday.

1217.25 was either going to support the market on Wednesday, as was the case…

or it was going to continue down into trailing support levels in the Weekly range:- short term reversal in an up trend.

As per Weekly report, my view remains that the S&P is trying to move towards 1249+

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html

SPI Daily 8th December 2010 recap

Weekly higghs have been reached and now expectation is a lower Wednesday close towards support levels @ 4681-89.

Trend guide @ 4726 and spiral filter



SPI Weekly and Daily range.

4726 formed resistance in ealry trading and moved into a lower wednesday close, without reaching the target zones.

Weekly highs reached and expectation was that today would move down into support levels, which is now happening in after hours.

If the market is going to go higher then price needs to find support around 4689 and begin a move towards higher highs by Friday.

Anything below 4689 is seen as bearish

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html

S&P (e-mini ) 6th December 2010 Recap

Trend bias is upwards but then reverses down from 1235 towards the Weekly levels @ 1213.



S&P Weekly and Daily range.

S&P has moved up into the Daily and Weekly highs and has reversed down from 1235, without reaching to target zone @ 1213 during the cash market

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html

SPI Daily 7th December 2010 recap

Trend bias is upwards during December:- today's trend guide 4698 (yesterday’s level)

Attraction zone @ 4723;- expected resistance zone until Rate announcement

SPI Weekly and Daily range.

Today was either going to follow the monthly trend upwards, or Tuesday was part of a 2nd day reversal pattern into trailing support levels (50% levels)

It was a simple case of the trading on the side of 4698 amd towards until 4723. in early trading.

No change to the cash rate @ 14:30 and the SPI has followed the 5-day pattern upwards, as part of the trend that’s heading higher, as per Weekly report

• Daily Trading Set-ups & Analysis
• Index Futures SPI, DOW S&P, & Forex
• Subscribe to the Trader Premium
• http://www.datafeeds.com.au/premiumtrader.html

SPI Daily 6th December 2010 recap

Trend bias is to continue upwards, however I'm looking for the SPI to move into a 2-day reversal or consolidation pattern...Minimum pullback is towards 4673:

Resistance 4728

Trend guide 4698.


SPI Weekly and Daily range.

As per Weekly report, I’m looking for a short-term pullback because of the change in the 3-day cycle:- currently 4637.

Ideal set-up today would have been an early rise into 4728 and then a reversal down.

Instead the trend guide @ 4698 supported the market for most of the day.

"my view is around 4726-28 will try and move down towards 4673 over the next 2-days.

However, the day session @ 4698 might provide support today….morning report

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html