Stock, Index, Forex, Commodities, futures 17th December 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 16th December 2011 Daily recap

Weekly 50% level @ 1215.50 support

However, the daily 50% level @ 1223.75 could actually push price back down into the blue channel lows @ 1212
S&P Weekly and Daily cycles

Early support from the Weekly 50% level @ 1215.50  rising 8.5 points into the daily 50% level, which formed resistance.

Weakness hit the market around lunch time, as sellers appeared using the red filter as a the trend guide back towards 1212

Weekly Report out later

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SPI Daily Australian Stock Market 16th December 2011 Daily recap

Trend guide & support 4134/39

Upper targets 4163, and as high as 4185.
S&P Weekly and Daily

 Consolidation around the December 50% level @ 4134, without reaching the upper target levels.

If there it’s going to reach those upper targets, it is because US markets rise upwards on Friday.

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


Random support red filter at 7pm (14 points), matched with the December 50% level @ 1200

Resistance:- Daily 50% levels

S&P Weekly and Daily cycles

 S&P found support using the December 50% level, rising a double R14 point range, but without reaching the Daily 50% level @ 1222.75

as the Weekly 50% level @ 1215.50 stalled Thursday from rising higher




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SPI futures 15th December 2011 Daily report

Resistance 4147

Early trend guide is based on 4119 (initial 21 point move)

Random support 4099.

SPI Weekly and Daily cycles

The SPI opened below the December 50% level @ 4134, and continued to remain below it after the initial 21-point rise.

Below 4119 saw the market move down 21 points and align with random support


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S&P 500 e-mini 14th December 2011 Daily recap

If there is a down move, then the red filter @ 1240 is the trend guide for a target of 1206 & Wednesday's lows.

This is based on the DOW making its own way towards the Weekly 50% level @ 11765, pushing the S&P lower

S&P Weekly & Daily cycles.

1240 formed resistance on Wednesday, and currently Wednesday’s lows are forming a random support zone…

With the December 50% level forming a more robust support zone on Thursday.

Keep in mind that current price action has the S&P 500 below the Yearly 50% level in 2012, which isn’t a good sign for the start of the new year.


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Australian Stock Market SPI futures 14th December Daily recap

There are two patterns at play....

#1 opens below the spiral filter 4181 or is rejected down from 4189 towards 4253 (Wednesday lows)

# 2 my hunch is that Wednesday will try and rise upwards:- target once again is 4204..., that may act as resistance

SPI Weekly and Daily range

 Early resistance @ 4189 (21 point down move)….

And then a move up towards the target @ 4204, which has acted as resistance once again...


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S&P 500 E-mini 13th December 2011 Daily recap

If the S&P is going to go down into its Weekly 50% levels, then the resistance levels are the blue channel lows and 5-day 50% levels @ 1241.50

If the first 4 hours moves down, then the red filter and 7pm become random support levels @ 1227

Weekly 50% level & Tuesday's lows ( support:- 1215.50)


S&P Weekly and Daily cycles.

Early move down into 7pm support, (Red filter) saw the S&P rise up into the resistance levels in the daily range:- 1240.50

The expectation from there on would be a continuation of the move down into the Daily lows, along with the Weekly 50% levels:- support, which has currently provided an 8.5 point support pattern.


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Australian Stock Market SPI futures 13th December 2011 Recap

Support Tuesday’s lows @ 4181-87


Random resistance Weekly 50% level @ 4204.

SPI Weekly and daily cycles…

21 point rotations as the market remained in between support and resistance….

4181 was the spiral low, whilst the Weekly 50% level @ 4204 formed a robust resistance zone.

And a late sell-off, as US futures continue lower at the same time.




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S&P 500 E-mini 12th December 2011 Daily recap

Weekly level is the trend guide @ 1249.75


If below the Weekly level and Daily 50% level the trend bias is down into the channel lows (random support)

S&P Weekly and Daily Cycles.
Monday has proceeded to follow a lower daily close, without the Channels lows providing any random support (8.5 points) during the day.





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SPI futures Australian Stock Market 12th December 2011 Daily recap

today's open has such a large gap to Friday close, that early price action could see the market move down on open :- 21 to 42 points.

Resistance 4270-75



SPI Weekly and Daily cycles.

Early resistance around the channel highs and spiral filter @ 4270-75

Completing the 21-point reversal, without completing the 42 point reversal.

As per Weekly report…

Trend bias remains stable within the 4th quarter, with a possible continuation upwards over the coming weeks.




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