Index, forex, stocks, Commodities 17th September 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/





















Posted by

S&P 500 E-mini 16th September 2011 daily recap

my view is that price will continue towards Friday's highs (support 1197).

those daily highs are seen as resistance, and for next week to begin with a 2-day reversal pattern back down, with the potential to move lower of the next 5-days


S&P Weekly & Daily cycles


Price moved down into support @ 1197 and then continued upwards ( 8.5 to 14 points).

However, price didn't reach the daily highs, which was part of a set-up that could potentially reverse down early next week.

Weekly report out later





Posted by

SPI Daily Australian stock market 16th September 2011 recap

similar pattern as yesterday would see a move down from 4157 and close yesterday's gap (high)....(42 points)

if above 4157, then the trend bias is up towards 4173 to 4182.



SPI Weekly and Daily cycles

 Early resistance around 4157, but a failure to continue down to close yesterday's gap (21 to 42 points).

Instead price has continued upwards and stalled at Friday's highs @ 4173, with late selling

Depending on the price action in US markets overnight... Friday's high pattern could lead off with a 2-day reversal pattern next next week with a downward bias.






Posted by

S&P 500 E-mini 15th September 2011 daily recap

my view is that price will remain within the 5-day range.

therefore Thursday's highs are seen as resistance...and the 50% levels are random support


S&P Weekly and Daily range

The S&P has continued higher without retesting the 50% levels on Thursday.

Thursday's highs are seen as resistance, but it hasn't produced a 8.5 to 14 point reversal...

that could happen during globex hours before the cash market opens up again on Friday.

However, the S&P is likely to continue upwards and follow the new daily range on Friday











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Posted by

SPI Daily Australian stock market 15th September 2011 recap

the critical level in early trading will be 4116.

This could see a first 90 minute move down towards 4082-84....

if below 4082/84 then don't discount the market following the daily channels :- 84 points down from the highs.


SPI Weekly and Daily cycles


Market sell off from 4116 completing a precise 84-point trading range from today's highs.

90 minute close below 4082/84, and completing the primary range of 84 points (lower primary spiral point

and then a 42 point rise up from today's lows back towards the key Weekly level @ 4082















Posted by

S&P 500 E-mini 14th September 2011 daily recap

After a 2-day upward rise, Wednesday's trading is about whether it continues to follow the overall trend and move down.

Resistance 1166





S&P Weekly and Daily range

My view was that the market would push down to 1136 and possibly continue lower.

This was based on the market failing to rise above the Weekly 50% level after the first 2-days, and using the 3rd day and daily levels as resistance.


But instead of moving lower and following the daily channels, price moved upwards, and it now looks like the market will once again move into a consolidation pattern within the 5-day range

























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    • Posted by

    SPI Daily Australian stock market 14th September 2011 recap

    I would also keep an eye on resistance around 4113-17, which is 84 points up from Monday's lows

    A weak Wednesday will see a 90 minute close below 4056-60, and then price to continue down into the daily lows, which could put further pressure on on the SPI if there's a daily close below the Weekly lows    .



    SPI Weekly and Daily

    Early rise but didn't exactly hit the resistance levels.


    break of support @ 4056-60 has seen the market continue down and close below the Weekly lows
    Posted by

    S&P 500 E-mini 13th September 2011 daily recap

    there are two possible patterns for Tuesday...

    #1) remains within the blue channels, with the channel highs providing resistance. This is based on a 2-day reversal upwards using Friday's lows support helped by Monday reversing up from the daily lows

    #2) sells down into the daily lows, with the first target the red filter.

    S&P Weekly and daily cycles

    Tuesday followed  part of each possible pattern...

    with price reaching the first target @ 1193 (red filter)... but then reversing and moving back inside the  daily channel with an upward bias...

    as part of a 2-day reversal towards the Weekly 50% level










    Posted by

    SPI Daily Australian stock market 13th September 2011 recap

    Trading range between 4067 & 4117


    SPI Weekly and Daily cycles

    After the Weekly lows @ 4022 has supported the market, there was a bias for Tuesday to remain above 4067 with the expectation that price would move up as high as 4117.

    However, the weekly level @ 4082 continues to resist the trend from rising.

    I still have the expectation that price is moving down into the September lows, but those weekly lows need to break...and that will depend on how the S&P500 fairs overnight











    Posted by

    S&P 500 E-mini 12th September 2011 daily recap

    Trend guide red filter, with the possibility that price continues down into Monday's lows...

    And a possible swing back towards the daily 50% level

     
    S&P Weekly and Daily cycles

    Monday's reversal off the lows and back towards the Daily 50% level....

    Should see price continue towwards the Weekly 50% level










    Posted by

    SPI Futures Australian Stock Market 12th Sept

    SPI Weekly and daily cycles


    Break of daily lows @ 4071 has seen the trend continue down into the Weekly lows.


    As mentioned in the weekly report, below 4082 the trend bias is down towards the September lows





















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