Index, Forex, Stocks 29th Jan 2011 Weekly

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S&P (e-mini ) 28th January 2010 Recap

S&P continues to form resistance around 1295/97.

continue to focus on shorting & holding against resistance levels



S&P Weekly and Daily range.

S&P has reversed down from the highs and into the Weekly 50% level.

This is the pattern I was looking for to happen last week, but it has taken another
5-days to play out.

Expectation of further weakness down into the Weekly lows.

Weekly report out later.




Posted by

SPI Daily 28th January 2011 daily recap

My view is that the SPI is moving upwards, or at least towards the Weekly and Daily highs on Friday @ 4812-4816.(resistance)

Trend guide @ 4792

support 4779.


SPI Weekly and Daily range

At ths start of the trading day I wasn't expecting Friday's price action, without price reaching the Weekly and daily highs first:- 4812/4816

I was expecting early resistance around 4792, but then my view was 4779 to hold support and then to continue towards higher highs on Friday.

Instead the opposite occurred, moving down into the daily lows @ 4736 and more of the same consolidation that we have seen over the past 2-months.

The only satisfying thing about today, was seeing volatility return during the day, because it has been missing lately.







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    • Posted by

    S&P (e-mini ) 27th January 2010 Recap


    There still are a number of higher timeframe levels in January that continue to stall the Market from rising (1295/1297)



    S&P Weekly and Daily range.

    The market continues to consolidate around the highs, with limited weakness within the daily range due to Wednesday’s move above the Weekly level @ 1290.

    My hunch is that the S&P will finally complete the Primary cycle highs @ 1300 on Friday, just as the end of the month comes about, and a shift in dynamics pushes February levels higher.


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    • Posted by

    SPI Daily 27th January 2011 daily recap

    Resistance 4813/14

    Trend guide 4801

    Support 4776

    Depends on where the market opens, if it opens closer to 4801 my view is that it will try and push down with the first target @ 4783, and could go as low as the support levels



    SPI Weekly and daily range.

    SPI pushed down into 4683 in early trading, as this was seen as a support level, with the expectation that the market could continue up towards 4801

    This is based on the market remaining above the higher timeframe levels and continuing towards the Weekly highs this week.

    4783 held support for nearly 2 hours, but then is dropped down into the daily 50% level (support)

    And then the rest of the day remained in a tight trading range (choppy) between both those two levels.





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    • Posted by

    S&P (e-mini ) 26th January 2010 Recap

    Based on the current price action it looks like the S&P will try for 1300 after a 2-day stall pattern below 1290.

    Random resistance:- 1294/97 (Daily and Weekly highs)



    S&P Weekly and daily range.

    S&P continues to push upwards, but the higher timeframes persist as resistance levels during the month of January.

    My hunch will be that it will try for 1300 on Thursday/Friday:- Primary cycle highs








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    • Posted by

    S&P (e-mini ) 25th January 2010 Recap

    whilst the S&P is trading below 1290 there is a slight possibility that Tuesday's higher daily open could push the market back down into the Weekly 50% level @ 1274



    S&P Weekly and Daily range.

    1290 formed resistance and pushed the market down 14 points from it's intra-day top.

    Once again buying support came in late sending the market back towards the highs.


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    SPI Daily 25th January 2011 daily recap

    Tuesday is seen as part of the 2nd day upward move from Friday's low and the Weekly 50% level (as per Weekly report)

    Trend guide 4774

    Random resistance @ 4803




    SPI Weekly and daily range

    The SPI has continued to move upwards today, completing the 2nd reversal day from last week's lows, as it hit Tuesday’s highs @ 4803.

    Any further gains in the SPI will now depend on whether the S&P reverses down from it’s Weekly level @ 1290…

    Or follows it’s upward Primary cycle to 1300.

    If the latter occurs, then the SPI will likely complete the January highs @ 4844 in the last week of the month.






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    • Posted by

    S&P (e-mini ) 24th January 2010 Recap

    Monday looks range bound between channels in the 5-day range (S&P), which mirrors the levels in the Weekly range @ 1290



    S&P Weekly and Daily range

    Resistance around the channel highs on Monday, but a failure to push back down into the Weekly 50% level.

    Trend guide remains @ 1290 (resistance)

    However, the daily range on Tuesday changes, and this can result in tomorrow moving higher.

    if above 1290, then it's likely that the S&P will try a move towards the 2011 highs @ 1300.

    Posted by

    SPI Daily 24th January 2011 daily recap

    As per Weekly report, my view is that this week will try and start with a 2-day reversal upwards based on 2 patterns.

    Today's trend guide and support @ 4740

    Target 4774




    SPI Weekly and daily range.

    SPI choppy in early trading, as it traded below support, as 4747 was trying to push price down.

    However, the upward bias was based on a number of patterns… Weekly 50% level, Friday’s support @ 4725.

    It just needed to clear 4747 for the market to continue towards the next spiral high @ 4770 and the target @ 4774. (random resistance)




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