Index, Forex, Stocks, Commodities 25th June 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/

Gold & Silver Weekly Reports

http://goldcoppersilver.blogspot.com/

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

http://aussie-stocks.blogspot.com/








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    • Posted by

    S&P (E-minis) 24th June 2011 Recap

    "S&P can retest the Weekly level @ 1268.50

    Probable patterns is to remain within the blue channels, and rotate with 8.5 point ranges"



    S&P Weekly and Daily Range

    S&P remained within the daily levels and retested the Weekly level @ 1268.50

    However, support levels using the Daily and Weekly level @ 1268.50 failed to hold.

    Weekly report out later with new Weekly levels



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    • Posted by

    SPI Daily 24th June 2011 recap

    my ideal pattern today would be for the market reverse down from
    4501-06 and move down into Friday's lows finding support, and then make a late charge upwards after 3pm towards 4510



    SPI Weekly and Daily.

    Early selling pressure from resistance levels @ 4501-06, however the complete 42 point reversal down into Friday’s lows didn’t play out.

    Instead it moved down over 21 points, but then moved back towards 4510 late in the day.

    My preferred pattern was for the market to move down 42 points into 4463-66 and then swing upwards.


    Posted by

    S&P (E-minis) 23rd June 2011 Recap

    Today's trading is simply based on the channels in the 5-day range

    below 1278 the market is moving lower

    Above and the market is trying to move upwards:- random length (8.5 points)




    S&P Weekly and Daily range.

    Market moved lower from 1278 retesting the June lows, which once again provided support

    Once above 1268.50, the trend bias was to move back towards the highs, rising from 1278 R8.5 points precisely.

    After last night's price action, I'd be surprised to see Friday below 1268.50


    Posted by

    SPI Daily 23rd June 2011 recap

    Whilst the market is below 4524 the trend bias is down towards the June lows once again.

    Resistance on open is 4517/21

    downside target is 4463/65



    SPI Weekly and Daily range.

    Early rise up into resistance levels, hitting the Weekly level @ 4524...

    And once again moving back down:- 42 points

    However, today's downside target of 4463/65 wasn't reached.

    As noted yesterday's recap, the rest of this week will be defined by 4524, and also the market's reaction to the ending of QE2, which has been negative at this early stage.






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    • Posted by

    S&P (E-minis) 22nd June 2011 Recap

    Normally when the market closes above the daily highs ( Tuesday) it will move towards the following daily highs (Wednesday - resistance)

    However, it's hard to be trading longs when the market is already around it's Weekly 50% level. The best longs are around the Daily 50% level @ 1276 (8.5 points)



    S&P Weekly and Daily range.

    S&P didn't move up into Wednesday's highs, but stalled at it's Weekly 50% level, and reversed down into the trailing support levels (Daily 50% level @ 1276).

    Those longs @ 1276 diminsh, as the next day's levels shift, and a couple of factors come into play that could have a major bearing in the short-term direction of the markets.

    QE2 has apparently ended on the 22/6/2011 (today), so it will be interesting to see whether any negative effects hits the market over the next couple of days.

    Trend guide remains 1268.50

    With QE2 coming to an end, this should lead to strength in the USD dollar, after testing it's June 50% levels, whilst putting pressure on commodities to fall.








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    • Posted by

    SPI Daily 22nd June 2011 recap

    Wednesday's 5-day high is @ 4545, which can form resistance on today's higher open, may push the Market back down into 4524…(Weekly level)

    if below 4524, the target and exit for today is 4514




    SPI Weekly and Daily range…

    Current price action continues to be part of a counter-trend move upwards from the June lows...

    however, today’s higher open aligned with daily resistance @ 4545.

    Market pull backed into the trailing target of 4524 & then 4514 (random support)

    The rest of this week will be defined by the Weekly level @ 4524.







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    • Posted by

    S&P (E-minis) 21st June 2011 Recap

    Whilst the S&P is trading above 1286.50 the trend is part of a counter-trend move up towards the Weekly 50% level @ 1291.25

    Support 1268-1270

    Random resistance 1283.50



    S&P Weekly and Daily range.

    S&P has continued up from the June low, as part of a counter-trend move, reaching the Weekly 50% level @ 1291.25, and stalling.

    As we can see, the Daily high has broken out (above 1283.50), and this will normally lead to more upside the following day.

    However, QE2 comes to an end on 22/6/2011, which could push the S&P back down, if below Tuesday's High






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    • Posted by

    SPI Daily 21st June 2011 recap

    Today’s trend guide is 4471

    If the market opens around 4494/500, then we could get a 21-point reversal back down into 4471 (random support & trend guide)



    SPI Weekly and Daily range.

    Today's trading was based on whether the market continues to rise up from the June lows, as part of a short-term counter-trend move upwards

    Market opened around today’s resistance levels @ 4494 and moved down 21 points into 4471, which formed support.

    The trading range remained flat within the daily levels, until late buying pushed the market higher towards the Weekly level @ 4524.














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    • Posted by

    S&P (E-minis) 20th June 2011 Recap

    S&P is either going to move upwards:- short-term counter-trend move from the June lows, as per Weekly report...or continue to fall.

    And whilst the S&P is below 1268.50, the trend bias is to follow the Weekly range towards new lows.

    Random support 1254 (8.5 points)



    S&P Weekly and Daily range


    S&P didn't move down into the daily support level @ 1254, instead it rose up from the June lows @ 1259 and closed above the Weekly level @ 1268.50.


    Whilst the market is above 1268.50, the trend bias is up, as part of a short-term counter-trend move.


    Note:- QE2 funding ends on 22/6/2011...


    and that will have a bearing on whether the counter-trend continues higher, (QE3?) or resumes the the downward trend towards 1173-88.



    Posted by

    SPI Daily 20th June 2011 recap

    Today's trend guide is 4471...

    resistance around 4506 to 4516....

    Below 4471 and we have trend bias towards Monday's lows @ 4434, and as low as 4411.



    SPI Weekly and Daily range.

    Early rise upwards completing the spiral filter @ 4506…

    And once the market was below 4471, the trend bias was down into Monday’s lows @ 4434 (random support)

    Unless the market is above 4524, the trend is following the monthly cycles towards lower lows in July, as described in the Weekly report.

    That will also depend on the ending of QE2 funding on 22/6/2011







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