SPI Futures 8th November 2011 Daily recap

Support 4273/75

Resistance 4215-18

SPI Weekly and Daily range…

Lack of range movement, as the market remains within a 21-point range above 4273/75




Posted by Frank Dilernia

S&P 500 e-mini Futures 7th November 2011 Daily recap

Trend bias is up, however, my view is that price will move down towards the Weekly 50% level @ 1236.50 and form random support

S&P Weekly and Daily cycles.



 Early trend bias was down , using the daily channel highs @ 1251, as the trend guide

The Weekly 50% level @ 1236.50 formed support, an overall upward bias in the larger timeframe cycles has seen the market close higher on Monday

And likely to continue up towards 1270-1274 by Tuesday




Posted by Frank Dilernia

SPI Futures Daily 7th November 2011 Daily recap

Trend bias is up, as long as is remains above the Weekly 50% level @ 4240

However, the daily levels on Monday could act as resistance @ 4273-4283
SPI Weekly and Daily

 Consolidating price action of 21-point ranges, as the market remains below the daily resistance levels for most of the day...(4273-83)

 trend bias remains up, as long as it's above the Weekly 50% level @ 4240




Posted by Frank Dilernia

Index, Stocks, Forex, Commodities 5th November 2011 Weekly reports

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 Frank Dilernia

S&P E-mini futures 4th November 2011 Daily report recap

Is the S&P going to continue higher on Friday, as part of a continuation up from the Weekly 50% level??

the blue channel highs & Weekly level @ 1250.50 are the trend guides....

with a move upwards 8.5 to 14 points towards 1274



S&P Weekly and Daily range
 S&P initially moved upwards from 1250.50, but  it then failed to continue higher...

 remaining in a tight 14 point trading range for most of the day around the Weekly level @ 1250.50.

Weekly report out soon










Posted by Frank Dilernia

SPI Futures Australian Stock Market 4th November 2011 Daily recap

Trend bias is up towards 4298, which is seen as a random resistance zone today.

Support remains the 50% levels @ 4249-53


SPI Weekly and Daily cycle

Market has continued up from this week’s support levels, helped by today’s support levels @ 4249-53.

It didn’t complete the precise move towards 4298, only rising 41 points


Weekly Report out tomorrow


Posted by Frank Dilernia

S&P 500 e-mini 3rd November 2011 Daily report recap

looks well supported above the Weekly 50% levels, with a possible move up into the Weekly level @ 1250.50:- the red filter the trend guide

The 5-day 50% levels possible resistance.


S&P Weekly and Daily cycles

S&P moved upwards and reached the Weekly level @ 1250.50

This saw selling hit the market, but it then stabilised above the 5-day 50% level: -
ss the resistance zone, became the support zone in the 2nd half of the day

And the current price action looks like it can continue to move towards higher highs by Friday…

As the market rises up from the Weekly 50% level, and is now trading above 1250.50




Posted by Frank Dilernia

SPI Daily 3rd November 2011 Daily recap

Market trading above the higher timeframe 50% levels

Trend guide @ 4178.

Expectation is the price will move down on open towards 4178, and then try and rise up towards 4231 later in the day.


SPI Weekly and Daily

 Market moved down, but it kept on going down once below 4178.

Price continued down another 42 points, and in late trading rose up 42 points from the lows.

Market continues to trade around major support levels.




Posted by Frank Dilernia

S&P E-mini futures 2nd November 2011 Daily recap

current price action suggests a move back towards the daily 50% level.

The 5-day 50% level is seen as resistance 8.5 to 14 points...


S&P Weekly and Daily cycles.

We have seen this week begin with a 2-day reversal towards into higher timeframe 50% levels, and Wednesday was seen as a day that would try and rise upwards, using those levels as support

Today moved upward, without precisely reaching the daily 50% level @ 1241.50




Posted by Frank Dilernia

SPI Futures Australian Stock Market 2nd November 2011 Daily report

Because the market is trading around the higher timeframe 50% level, the view is that the market will try and rise upwards today, (42 points)…

Weekly and Daily lows support @ 4146.

Target 4216 or 84 points up from today’s lows.


SPI Weekly and Daily cycles

Early weakness down into the daily &  Weekly lows, and then a rise of 42 points.

The market then moved back down into support.....

and then proceeded to move upwards, failing to reach the precise 84 point range (4211) & 4216

Trend bias remains the Weekly lows



Posted by Frank Dilernia

S&P 500 e-mini futures 1st November 2011 Daily recap

Based on the current price action, the trend bias is down

into the Weekly 50% levels and Tuesday's lows @ 1212.75

S&P Weekly and Daily range.

Continuation of the reversal back towards the new monthly 50% level in November, with a nice set-up in the daily range, as price is rejected down into Tuesday's lows.

Tuesday’s lows @ 1212.75 provided support (14 points)...

and the market at this stage remains above the higher timeframe 50% levels for the time being.





Posted by Frank Dilernia
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