Index, Forex, Commodities, Equites, GOLD & Silver, 7th January 2012 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 6th January 2012 Daily recap

S&P Weekly and Daily cycles


Consolidating trading day within the daily range, as the market continues to butt its head around the upper Weekly levels.

Weekly report out later


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SPI futures 6th January 2011 Daily recap

Today’s trading is based on whether the market remains below the Weekly 50% level @ 4151-54


SPI Weekly and Daily cycles….

SPI opened lower and proceeded to break the daily 50% level @ 4111…

Sending the SPI back down into the January 50% level @ 4088

Friday’s close below the January 50% level isn’t a good sign in the short-term, as it now resumes its Primary cycle trend…

As US markets struggle to move above their own Weekly highs.

Weekly level @ 4080 currently supporting the Trend, which dynamically shifts next week.

 Weekly report out tomorrow










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S&P 500 E-mini Futures 5th January 2012 Daily recap

Primary cycles are bullish, and there is also the December 50% level support pattern, which often suggests the trend will extend upwards, as long as the market remains above 1261.25

if the S&P is going to continue higher towards Thursday's highs...(8.5 to 14 points)

then the red filter is the trend guide

S&P Weekly and Daily cycles

 My view is was that the S&P would continue to move upwards on Thursday, using 1269.50 in early trading.

However, the Weekly upper levels have been acting as resistance, and instead of moving upwards the market moved down 14 points precisley, tested the Weekly level @ 1261.25, and then proceeded to move upwards later in the day.




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SPI Futures 5th January 2012 Daily Recap

Today is opening below the Weekly 50% level @ 4154/58, which has a bias to move down into the 50% levels @ 4114 (Support 4104)

SPI Weekly and Daily

Market open inside the Weekly 50% level and channel highs @ 4154/58

And proceeded to move down into Daily support levels (low 4105), which failed to provide more than 21-points of support.

SPI continues to remain above Key monthly support levels @ 4088.

Any further gains will depend on US markets moving upward tonight, and the SPI opening above the Weekly 50% level.











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S&P 500 E-mini Futures 4th January 2012 Daily recap

A breakout of Tuesday's highs suggests more gains towards Wednesday's highs.

However, the red filter suggests that price will come down into the daily 50% level, as part of retesting Tuesday's breakout.

1264.75 and blue channels highs are seen as support


S&P 500 Weekly and Daily cycles

Early price action moved down into trailing support levels within the Daily cycle…

And further gains came later in the day, but price failed to reach Wednesday’s highs @ 1283.25

Current price action suggests more gains in the short-term, however, there are a number of upper levels acting as resistance.




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SPI Futures 4th January 2012 Daily recap

The SPI is now above the January 50% level @ 4088...


This level along with the Weekly level @ 4080 is seen as Support.


Trend bias is up towards the Weekly 50% level @ 4154 (Wednesday's highs)...


and as high as 4250 this month.

SPI Weekly and Daily cycles

As noted in yesterday’s report, it won’t take much for the SPI to move above the January 50% level, along with bullish Primary cycles in US markets….(S&P 500)

Today opened above 4088, and continued with its own breakout pattern @ 4142 (Wednesday's highs)
 current price action should see this week continue to push higher…..(Weekly highs)

Trend guide the Weekly 50% level @ 4154





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S&P 500 e-mini 3rd January 2012 Daily recap

S&P Weekly and Daily range

S&P opened above the Weekly highs @ 1272, and pretty much stayed above that level in a 8.5 point range for the entire day.

As mentioned in the Weekly report, the Primary cycles are bullish on the S&P...

And if they remain bullish at the start of 2012, then these upper Weekly zones are level where traders need to keep an eye on (Support).

If below 1261....

then there is a possible move back towards the Weekly 50% level, which aligns with the Primary cycle support zones @ 1235.




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SPI Futures 3rd January 2011 Daily recap

SPI Weekly and Daily cycles


The SPI opened higher, but spent the entire day hitting a brick wall of the Monthly 50% level in January.

21 point range all day, without moving lower and testing the daily 50% levels.

Trend bias remains down....

but it won't take much for the SPI to open above this level if US markets move upwards on Tuesday.

















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