Index futures, Forex, Stocks, Commodities ;- OIL, GOLD, Silver 28th 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/








S&P 500 e-mini futures 27th January 2012 Daily recap

S&P Weekly and Daily cycles


Market remains below the Weekly highs @ 1320, and remains choppy within the daily levels. (8.5 points)

Weekly report out later














SPI Futures Australian Stock Market 27th January 2012 Daily recap

Friday's high @ 4252 will determine whether the market remains flat with a downward bias

or continues to trend upwards to 4279



SPI Weekly and Daily cycles


Moved up into 4279 and reversed back down into Friday's higsh @ 4252.


Weekly report out tomorrow




S&P 500 E-mini 26th January 2012 Daily report

Trend bias to continue higher:- random resistance Thursday's highs

Support 1314/15


S&P Weekly and Daily Cycles

Early rise into Thursday's highs, and random resistance levels pushed the market back down into the January highs @ 1314.



S&P 500 e-mini 25th January 2012 Daily recap

S&P looks like it wants to continue higher (Wednesday's highs), as long as it remains above 1312.50.

Daily and Weekly highs match:- random resistance @ 1320



S&P Weekly and Daily cycles

Early weakness around the January highs @ 1314 pushed the market down, but then it resumed its trend towards the Weekly and Daily highs @ 1320 (random resistance)

As noted in yesterday's recap, current price suggests the market is following a 2nd monthly wave pattern towards February's highs.


SPI futures Australian Stock Market 25th January 2012 Daily recap

I have the same view as yesterday, and that the Weekly level support @ 4186 will try 2nd the market up towards the weekly highs

Trend guide 4197-4200

Random resistance 4223


SPI Weekly and Daily cycles

 
Early rise up into Wednesday’s highs….

And then further buying towards higher highs, as the market began to consolidate above 4223.

Ideally I would have liked to have seen the SPI touch the daily 50% levels (4200) before it continued higher, but that wasn't the case.


S&P 500 E-mini 24th January 2012 Daily recap

first support is around 1303 (8.5 points)

Random Resistance is around the 1310...



S&P Weekly and Daily cycles.
Daily levels formed support @ 1303 and pushed the market back towards the highs.

Current price action looks like it’s consolidating around the January highs @ 1314, as these highs are forming a resistance zone….

But will likely to continue higher as the resistance zones shift and move higher in February.




SPI futures Australian Stock Market 24th January 2012 Daily recap

After yesterday’s support off the Weekly level @ 4186

My view is that price will rise up from 4204 and moves towards Tuesday’s highs @ 4237/42


SPI Weekly and Daily cycles.

4204 didn’t support today’s trend....

instead the market moved back down into the Weekly level @ 4186 once again....

As the S&P 500 stalled at the January highs @ 1314.




S&P 500 e-mini futures 23rd January 2012 Daily recap

Monthly and Daily highs Resistance

 
S&P Weekly and Daily cycles

S&P completes the move in the January highs @ 1314:- 

 The monthly and Daily highs formed resistance  (8.5 point reversal)....

As noted in the Weekly report.....

There is a potential 2nd wave pattern towards new highs in February, as part of the breakout pattern from 1278 towards 1340

however, over the next 4 days we begin to look for an patterns in the 5-day range (daily cycle) that suggests a retest of that breakout before the next leg upwards.




SPI Futures Australian Stock Market 23rd January 2012 Daily recap

The position of the filter @ 4223 doesn’t favour an up day....

Potential move towards the Weekly level @ 4188

Random support 4196




SPI Weekly and Daily cycles.

Early selling, as the market was pushed down from the daily filter @ 4223.

Around 4196 price formed a support zone, without the late buying.

As the market tried to move towards the Weekly level @ 4186