Index, Stocks, Commodities, & Forex 26th Nov 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/










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S&P 500 e-mini Futures 25th November Daily recap

Trend bias is down…..

5-day 50% level and blue channel lows @ 1169/72 resistance

S&P Weekly and Daily

Picture tells the story, as the channel lows @ 1169 provided resistance….

Sending the S&P back towards the daily lows.


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Australian Stock Market SPI futures 25th Nov 2011 Daily recap

Today's trading is based on whether the trend continues with the Weekly breakout and moves down into Friday's lows…

or whether Friday swings back towards the Weekly low breakout @ 4102

Trend guide 4048..

SPI Weekly and Daily

Market remained below 4048 and continued with the downtrend....

As price moved down into Friday’s lows (4016) and beyond..

As part of the Weekly breakout pattern from 4102 towards the November lows.


Weekly report out tomorrow.







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S&P 500 e-mini futures 24th November 2011 Daily recap

Trend bias is to continue down

Trend guide the red filter @ 1164

50% levels resistance @ 1183/4

Support Thursday’s lows.


S&P Weekly and Daily cycles
7pm buying (Sydney time) once again saw the market rise up from the red filter @ 1164 and complete the 8.5 point range, without moving towards the resistance levels @ 1183

Same pattern as the day before, once the R8.5 range completes (14 points from Wednesday's lows) the trend resumed its overall bias to continued lower (Weekly breakout)









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SPI Daily 24th November 2011 Daily recap

Trend biax is down :- Resistance 4078-83

Support 4033 (spiral filter @ 4041)…

SPI Weekly and Daily cycles
Market continued down early forming a lower spiral filter pattern @ 4041.

This saw the market rise 42 points into the resistance zone @ 4083.

The Trend bias remains down, as part of the Weekly low breakout….




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S&P 500 e-mini 23rd November 2011 Daily recap

Trend bias is down… red filter is the trend guide…@ 1169

5-day 50% level @ 1192 is resistance.

S&P Weekly and Daily cycles…

 Early rise up from 1169 (red filter) only lasted 8.5 points….

As the Trend continues lower, as part of a breakout of this Week's lows @ 1196

Current price action suggests a continuation of the downtrend towards the November lows….

However, there is still the possibility that Friday swings back towards this Week’s breakout @ 1196







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Australian Stock Market SPI Futures 23rd November 2011 Daily recap

Whilst the market is below 4164 the trend remains bearish, which could eventually see those Support levels break (Weekly lows @ 4102) and extend lower.

Trend guide 4120 :- Downside Wednesday's lows @ 4085

SPI Weekly and Daily cycles
Negative news came out around lunch time today with ….the Dexia Bailout is On verge Of Collapse, which threatens to take France's AAA Rating Down With It.



This saw the Aussie market break the Weekly lows, the daily lows @ 4085, and if US markets follow, the SPI could end up back down into the November lows over the coming days






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S&P 500 E-mini Futures 22nd November 2011 Daily recap

S&P looks like it could go lower, as it's below the Weekly lows @ 1196

But the next 12 hours could remain choppy, and then decide whether it's going to closer higher or continue lower later in the day using the red filter.

S&P Weekly and Daily cycles

S&P has remained below the Weekly lows @ 1196, with weakness later in the day towards the daily lows using the red filter as a trend guide

The trend continues to be bearish whilst the market is trading below the November 50% level @ 1206






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Australian Stock Market SPI futures 22 November 2011 Daily report

Will the SPI rise up from the Weekly lows 4102 and move back towards the November 50% 4164?


Trend guide 4134 (Tuesday’s lows)

SPI Weekly and Daily range.

Weekly lows  (4102) formed support in early trading, as it also aligned with the intra-day spiral filter at the same price : 21 to 42 point rise.

The November 50% level then formed resistance @ 4164

Whilst Tuesday’s lows @ 4134 formed support.

 The SPI remains bearish whilst it’s trading below the November 50% level @ 4164.




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S&P 500 e-mini Futures 21st November 2011 Daily recap

S&P showing weakness, as it's trading below the Weekly level 1209 and below the November 50% level @ 1206.

Target Weekly and Daily lows @ 1192-96 (random support)

S&P Weekly and Daily cycles

 S&P continued with the trend down into the daily & Weekly lows @ 1192..


1192 provided random support, but it failed to complete the 8.5 range

More weakness has seen the trend continue lower breaking a number of key support levels within the minor timeframe cyces.




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Australian Stock Market SPI futures 21st Novemer 2011 daily recap

There are two patterns at play today based on Friday's 5-day low breakout...

#1) either it extends downward into Monday's lows @ 4154. (random support)

#2) it rises upwards, and retests Friday's Breakout @ 4221.


SPI Weekly and Daily
Early support from the November 50% level 4164 (21 points)…

but the market followed the break and extend pattern down into Monday’s lows @ 4154.

The SPI remains around critical support levels during the month of November.



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