Index, Stock, Forex, & Commodities 19th November 2011 Weekly report

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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S&P 500 E-mini 18th November 2011 Daily recap

Weekly lows @ 1213 support


Daily 50% level and channel lows @ 1233-35 resistance.

S&P Weekly and Daily cycles

 Thursday’s price action of finding support around the Monthly 50% level and Weekly lows @ 1213 would try and push the market upwards on Friday (8.5 to 14 points)

Whilst the position of the daily levels @ 1233-35 would have normally provided resistance…

However, on this occasion the market failed to reach those upper levels as part of short-term selling opportunities.




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SPI Daily Australian Stock Market 18th november 2011 Daily recap

Looking at the levels in the day session, today might struggle to rise higher than Friday's lows @ 4221

if below 4208... then trend bias is down (4189) and could go as low as 4173
 SPI Weekly and daily

 SPI couldn’t reach Friday’s lows @ 4221, as it spent most of the day below 4208…

And then proceeded to sell down into the close, as part of the continuation of the trend towards the November 50% level @ 4164 and the Weekly lows



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S&P 500 E-mini Futures 17th November 2011 Daily recap

Based on the 5-day range the trend bias is down 8.5to 14 points using the red filter as trend guides ;- Random support Thursday's lows @ 1221.50

Potential move towards the Weekly lows over the next 2-days

S&P Weekly and daily cycle

 As noted in yesterday’s recap, the expectation was that the trend would continue down towards the Weekly lows @ 1213 over the next 2-days.

Thursday’s filter provided an ideal set-up for a move down into Thursday’s lows @ 1221.50

Thursday's lows provided an 8.5 to 14 point rise…

But then, the down move into the Weekly lows @ 1213 completed on the same day, and price moved as low as the November 50% level, before buyers came back into the market to prop it above key support levels during the month of November.




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SPI futures Australian Stock market 17th November 2011 Recap

I lean towards an initial down move of 21 points from 4259-61, which aligns with the 5-day lows on Thursday. 4239 is also 84 points down from yesterday's highs

This becomes a random support level, that potentially could see a rise of 21 to 42 points… Resistance 4289-95

SPI Weekly and Daily

Early push down of 21 points from 4259-21 into support, and then a 42-point rise into resistance levels (4289-95)

And then more consolidation



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S&P 500 E-mini Futures 16th November 2011 Daily recap

Support 1248 (8.5 to 14 points)

Resistance 1268
S&P Weekly and Daily range.


I had the view that the market would rise upwards after finding support around it's Weekly 50% level @ 1248.

on two occassions the market rose 8.5 points when above 1248..but it failed to continue the 14 points towards 1268...

Instead a late sell-off into the close will likely to continue towards the Weekly lows @ 1213 over the coming days 


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SPI Daily 16th November 2011 daily recap

Trend guide 4308.. (Resistance 4331)


Potential down move is towards 4270-72


SPI Weekly and Daily range

Tuesday's support off the Weekly 50% level @ 4259 has a bias to continue higher this week...

However, the market couldn't remain above 4308....

instead moving down towards lower support levels & 42 points from today's high


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S&P 500 E-mini futures 15th November 2011 Daily recap

My view is that Tuesday will try and rise upwards, or remain choppy.

if it rises upwards then support is at the Daily 50% levels.

if it remains choppy, then resistance is at the blue channel highs @ 1261

S&P Weekly And Daily cycles.

Early rise up from the daily 50% level (8.5 points)…

But then selling came into the market until the middle of the day.

And then Tuesday moved upwards hitting 1261 and the channels highs..as today remained choppy.





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SPI Daily Australian Futures Market 15h November 2011 Daily recap

the closer it opens to 4315 I have the view that's it's moving down  21 to 42 points towards support levels 4275-79

SPI Weekly and Daily Range

 Early rise up into 4315 and a 21 point move down…

But a failure to continue towards lower support levels (42 points)...




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S&P 500 E-mini 14th november 2011 Daily recap

The DOW looks like it wants to move lower from it’s own Weekly level @ 12194, whereas the S&P isn't near its own Weekly level

However, 1274.50 in the S&P 500 can continue to act as resistance
use the red filter as a trend guide on Monday

S&P Weekly and Daily range.

The S&P remains within a consolidating pattern,

as it reverses down into the Weekly 50% level @ 1248 & random support




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SPI Daily Australian Stock Market 14th November 2011 Daily recap

the 5-day highs @ 4375 are seen as resistance...

and if the market is inside the Weekly level @ 4359 the trend bias is to once again rotate downward (random support 4333).

SPI Weekly and Daily cycles…
Positive news out of Italy overnight didn’t have a lasting effect, as price comes down from Monday’s highs @ 4375 and closes Friday's 'gap'


The Australian market remains within a consolidating pattern inside the Weekly levels.




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