Index, Forex, Stocks 15th Jan 2011 Weekly

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Posted by

S&P (e-mini ) 14th January 2010 Recap


There are two possible patterns before the CASH market opens...

#1 opens below 1280 and moves down (below Monthly and Weekly highs)

#2 continue up towards Friday's highs (Resistance @ 1291.75)



S&P Weekly and Daily range

S&P moved down into support in the daily range, and then continued towards Friday's highs.

There is a possible continuation towards next week's highs @ 1295, and then complete the move into the 2011 highs @ 1300.

However, my trend guide next week is going to be 1291.75.

if below I'm treating the S&P as part of a 2-day reversal pattern towards trailing Weekly levels @ 1277



Posted by

SPI Daily 14th January 2011 daily recap

There is a breakout of Thursday's highs, therefore I have an expectation that the trend is going to continue towards Friday's highs :- break and extend pattern.

Trend guide 4774




SPI Weekly and Daily range.

Slow trading day, as the market consolidated above 4774.

Late afternoon buying saw price try and continue towards the Weekly and Daily highs on Friday.

That will now depend on the S&P 500 and sycom overnight.




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    • Posted by

    S&P (e-mini ) 13th January 2010 Recap

    Because the S&P has closed above Wednesday's highs, this could see the trend continue up towards Thursday's highs.




    S&P Weekly and Daily range

    The Market is trading around the higher timeframe levels @ 1280 (resistance)

    But the daily range is showing patterns that suggest more short-term gains.

    At this stage Friday looks to be pushing up towards those highs


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    • Posted by

    SPI Daily 13th January 2011 daily recap

    When looking at the spiral filter and the 5-day high in the day session we have support around 4731-34.

    Breakout of 4734 and above the Weekly 50% level and it's a continuation up towards the Weekly highs.



    SPI Weekly and Daily range


    Break and extend pattern from Thursday’s highs @ 4734 & towards Friday’s highs tomorrow.

    A move towards the Weekly highs didn’t happen during the same day, but likely to happen overnight/tomorrow depending on the S&P 500 tonight


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    • Posted by

    S&P (e-mini ) 12th January 2010 Recap

    Trend guide on the s&P is channel highs @ 1269.

    Trend bias is towards the Monthly & Weekly highs



    S&P Weekly and Daily range

    Change in the daily cycle on Wednesday provided a more robust set-up for capturing the move towards the highs.

    Around the monthly and Weekly highs are seen as resistance.

    However, with price trading above the daily highs, there is a possible continuation towards tomorrow's daily highs.





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    • Posted by

    SPI Daily 12th January 2011 daily recap

    Support 4698-701.

    SPI opening above the January 50% level and daily channel highs

    Expectation market is moving up towards Wednesday’s highs @ 4740    .


    SPI Weekly and Daily range.

    Expecting far more upside today from the open towards 4740, as the market was opening above the daily channel highs.

    4698-701 provided support for the first hour,...

    but then the market pushed lower into the Weekly level @ 4693, and then the SPI moved into a consolidating pattern with an upward bias.


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    • Posted by

    S&P (e-mini ) 11th January 2010 Recap

    my view is that Tuesday is the 2nd day of an upward trend.

    Trend guide 1265.




    S&P Weekly and Daily range    .

    S&P continues upward, but remains within the daily channels



    Posted by

    SPI Daily 11th January 2011 daily recap

    "4675 remains my support zone, and we have a similar pattern as yesterday.

    For the market to continue higher it needs to breakout of 4705    .

    Resistance 4705"




    SPI Weekly and Daily range

    4675 provided support once again, but Tuesday hasn't convincingly continued above 4705 (breakout). It has stalled at 4705

    4703 continues to be an important level during January.

    Any further gains will now depend on whether the S&P 500 continues up towards the monthly highs on Tuesday, as part of a 2nd upward day...






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    • Posted by

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

    Trend guide 1265.

    My expectation is that this week will begin with a 2-day rise towards the Weekly and Monthly highs.



    S&P Weekly and Daily range.

    Monday didn’t continue upwards, but instead moved into a random pattern of 8.5 points between the daily channels.

    As mentioned in the Weekly report…

    My view is that next week will begin with the trend trying to move upwards over the next 2-days.

    How far Tuesday/Wednesday travels will determine whether price continues towards the January and then February highs.....

    or a failure to remain above the Weekly level @ 1265, puts pressure on the market later next week.

    That basically means, if the market is going to move lower, then from Wednesday onwards is something to keep an eye on.

    Along with rumblings out of Europe regarding Portugal and its 'debt'


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    • Posted by

    SPI Daily 10th January 2011 daily recap

    Trend guide 4676

    Resistance 4693

    Above 4695 and trend bias is to move towards the 4716



    SPI Weekly and Daily range

    SPI moved up from 4676 hit resistance @ 4693 and then formed a double bottom (intra-day),and has continued upwards in late trading once price moved above 4693/95


    The SPI started the day trading below a number of higher timeframe levels:- 4703 (January 50% level), and also the Weekly level @ 4693, which is seen as bearish.

    However, the SPI is also opening from a lower Weekly open and support levels @ 4675, as shown in the Weekly report.

    This could see the market move back above 4703 if US markets follow my view of starting this week with an upward bias (first 2-days).



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