Index, Forex, Stocks 30th April 2011

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

http://www.forexspread.blogspot.com/

OIL Futures:- OIL BOIL

http://www.oilboil.blogspot.com/



Note: Weekly BHP, RIO, TLS, Banking Report Update



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S&P (e-mini ) 29th April 2011 Daily recap.

If it’s going to reverse down, then I would like to see a 5-day high pattern on Friday and a reversal down, starting from next week:- 2-day reversal pattern.

S&P Weekly and Daily range

The S&P has continued with the breakout of the Weekly highs and moved towards higher highs by Friday.

Expectation that the breakout will normally continue upwards into next week/month highs in MAY…

Any short-term weakness early next (daily pattern) will be towards the Weekly level and a retest of this week’s breakout @ 1343-1346





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SPI Daily 29th April 2011 recap

Trend guide 4893-97

today is based on whether the market closes on its highs...

or moves back down towards the Weekly lows, which begins to align with the MAY 50% level. (next Week)

SPI Weekly and Daily

 Friday opened below the Weekly 50% level @ 4893,  and unless the SPI was above 4397, the trend bias was down...

and once it broke the 5-day 50% level @ 4872, the trend bias was to follow the larger timeframe cycle patterns towards the Weekly lows.

Next week’s lows will also coincide with the next Month's  50% level, (MAY)

The MAY 50% level is the critical support level in the 2nd Quarter…

(Full analysis in tomorrow’s Weekly report)






Posted by

S&P (e-mini ) 29th April 2011 Daily recap.

whilst above the weekly highs it's likely to continue towards higher highs by Friday...

possible pattern for Thursday:- remains above the Daily 50% level and moves towards Thursday’s highs, and then higher highs by Friday

S&P Weekly and Daily range

S&P continues to push towards higher highs by Friday, and the month of MAY has the potential to see more gains.









Posted by

SPI Daily 28th April 2011 recap

Today’s trading is based on whether the SPI moves  towards the daily highs (Weekly level @ 4960)

Or..

Remains choppy within the levels of the daily range

Random support 4891-93

SPI Weekly and Daily range

My view after yesterday’s gap closure, and above the Weekly 50% level (4893) , the trend would continue towards the daily highs, as part of a move towards the Weekly level @ 4960

The bias did rise after touching 4891-93 but it failed to move higher than 4913 (spiral filter), resulting in a choppy trading day, with a downward bias

As noted yesterday….

The Weekly lows & the MAY 50% level will define whether the trend remains with an upward bias








Posted by

S&P (e-mini ) 27th April 2011 Daily recap.

The S&P remains under the Weekly highs @ 1343, but unless it drops below the Weekly level @ 1337, the trend bias looks to be moving up towards the April highs

1335-1337 is seen as random support, that could push the S&P towards Wednesday's highs



S&P Weekly and Daily range

S&P continued has higher without testing 1337. (Daily & Weekly channel highs

With the S&P reaching the April highs, but now trading above the Weekly highs, I would look for the trend to continue to push higher in the short-term coming into the start of the month of MAY





Posted by

SPI Daily 27th April 2011 recap

the possibility is that the first move is down 21 points back towards the pink filter @ 4919....

This level and the 11.20 close will decide whether the trend will continue down towards 4893-96 (random support)

SPI Weekly and Daily range

Early resistance at Wednesday’s highs @4950 has seen the market continue back down towards the Weekly 50% level @ 4893, and then closing last week’s ‘gap’ at 4877.

The SPI continues to consolidate within the Weekly levels during the last week of April, and the start of MAY (next week)

Therefore, this week is about whether the trend continues towards the monthly highs, and then towards the MAY highs next week...

Or, it remains below the Weekly levels, & there's another attempted reversal down towards the Weekly lows later this week.

With the S&P now trading above 1337, and being the last week of April, there is still
the chance that the SPI continues towards the Weekly highs @ 5009, and then a
push towards the highs in MAY. (next week)

But first it will need to move above 4960, and secondly the S&P to remain above 1337 and move up towards 1356+

Anything below the weekly lows at the start of MAY is once again is bearish.






Posted by

S&P (e-mini ) 26th April 2011 Daily recap.

Trend guide 1335-37

Above that then 1343-1346 is seen as resistance.
S&P Weekly and Daily range


Price moved above 1335 and has pushed up towards the Weekly highs @ 1343 & stalled (high 1346)


This is the last week of April, and coming into the start of MAY (next week)

Therefore, this week is about whether the trend continues towards the monthly highs, and then towards the MAY highs next week..

Or,

Remains below the Weekly levels, & there's another attempted reversal down towards the Weekly lows later this week.

Unless the market moves back down during globex hours to be trading below 1335-1337, it looks like the market is moving towards the Monthly highs @ 1356






Posted by

S&P (e-mini ) 25th April 2011 Daily recap.

upper channels (1329) will define whether  Monday moves upwards....

or the weekly level @ 1337.25 pushes the market towards a lower Monday close

 
S&P Weekly and daily

Tight trading range with 1329 providing intra-day support








Posted by

Index, Forex, Stocks 23rd April 2011 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

http://www.forexspread.blogspot.com/

OIL Futures:- OIL BOIL

http://www.oilboil.blogspot.com/



Note: Weekly BHP, RIO, TLS, Banking Report Update


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