Index futures, Forex, Commodities, Stocks, GOLD & SILVER 31st 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/


HAPPY NEW YEAR, & GOOD Trading to all




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S&P 500 E-mini 30th December 2011 Daily Recap

S&P Weekly and Daily

Quiet day in the market, as the trading range remains within a 8.5 point range.

Weekly Report out later


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SPI Futures 30th December 2011 daily recap

Resistance @ 4085/88

Gap closure @ 4051 (random support). (21 points down from the spiral filter @ 4075)

it's either going to remain choppy in between 4051 & 4085/88....or NOT

SPI Weekly and Daily

Market moved down from the spiral filter @ 4075 into 4051

4051 provided support some, but it then failed at the 5-day 50% level @ 4065, and continue to move lower, as it follows the Weekly cycles






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S&P 500 E-mini 29th December 2011 Daily recap

By the look of  today's levels it doesn't look like it's going to move down towards the Weekly 50% level.

The channel lows and 5-day 50% levels @ 1245 could form random support zones of 8.5 to 14 points


S&P Weekly and Daily range


Daily channels and 50% level @ 1245 formed support...

rising upwards 14 points precisely.




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SPI Futures Australian Stock Market 29th December Recap

Support 4019 (Thursday’s lows)

Gap closure @ 4056 (resistance)

SPI Weekly & Daily cycles

 SPI remained above Thursday's lows @ 4019, but failed to complete the 42 point range upwards…

Or at least hit the gap closure and daily level @ 4056.

Market continues to remain weak coming into the end of the year.



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S&P 500 E-mini 28th December 2011 Daily recap



Yesterday's small range is now forming a NO CONTROL pattern, where the opening and closing price is in the middle of the range.

This pattern often leads with a TRENDING day on the next day. Because of the current price action my view is that TRENDING day will be DOWN...using the Weekly level @ 1264 as resistance:- target the Weekly 50% levels.

We also have a Weekly DROP pattern, where the forward Weekly high drops below the current Weekly high, this can also lead to weakness.

Random support blue channel highs @ 1255

S&P Weekly and Daily range.

Weekly level @ 1264 formed resistance.

1255 formed random support of 8.5 points, but then continued lower with the trending day, without reaching the Weekly 50% level.

Maybe that might happen by tomorrow..

Helped by the Weekly 'DROP' pattern, as the market moves towards the middle of the new Primary 50% levels for 2012.



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SPI Futures Australian Stock Market 28th December 2011 Daily recap

Today's trend bias is based on the Monthly 50% level @ 4134

Along with the levels in the daily Range.

SPI Weekly and Daily cycles.

Higher daily open and sell down, as the market remains below the December 50% level @ 4134

And for most of the remaining day, price has been consolidating in 21 point ranges below the Weekly level @ 4083…

And above the Daily level @ 4068.

Last week of the month, Quarter and Year and current price action doesn’t bode well coming into the start of a new Primary cycle for 2012.




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S&P 500 E-mini 27th December Daily recap

1264 Weekly Trend guide (random resistance)

S&P Weekly and Daily

Weekly level @ 1264 has formed resistance, as the market consolidated (4.25 point ranges) in and around the daily filter (red).

Today's trading looks like it's forming a 'no-contol' pattern at the top of the Weekly range...

And often the next day can move into a trending range once it takes out the high or low of today's range



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