Index futures, forex, Stocks, OIL, GOLD, Silver 10th March 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 9th March 2012 Daily recap

Friday's trading is based on whether it continues upwards (Daily highs) or remains choppy and closes in the middle of the 5-day range.

Friday's high is seen as a random resistance:- 8.5 points

Note:- the market could move higher later in the day, as the trend continues up from the Weekly lows towards next week's highs :- 1380-84

S&P Weekly and daily cycles…

 Friday’s highs has stalled the trend from rising (4.25 points), but not the full 8.5 points.

This week’s price action of rising up from the Weekly lows, lends itself to more gains towards next week’s highs @ 1384




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SPI Futures 9th March 2012 Daily Recap

This week’s low Support suggests the trend can continue to rise upwards, and move towards the MARCH 50% level @ 4222, and as high as the Weekly 50% level @ 4237

Potential pattern is a 21 point down move on open to close the gap @ 4180, and then continue towards a higher move and the formation of the next spiral point @ 4220/22.



SPI Weekly and Daily cycles

Early down move from the 5-day 50% level of 21 points closed yesterday's gap, which was also the top of the spiral filter @ 4180....

This provided the support pattern intra-day, and then the continuation upwards into the March 50% level 4222, as the next spiral filter formed @ 4220.

It didn’t move as high as 4237 (Weekly 50% level), as part of retesting Tuesday’s breakout @ 4239…


However, any further gains towards the Weekly 50% level @ 4237 will depend on US markets moving higher on Friday.


As we can see the Weekly levels provided enough information this week around it's lows @ 4140 and subsequent lower level @ 4188




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S&P 500 e-mini futures 8th March 2012 Daily Recap

This Week's Weekly low support and above the daily 50% level, has an upward bias ...

 and as high as the daily highs (first target blue channel high) @ 1366


S&P Weekly and Daily cycles…

Trend bias has continued higher, with the first target @ 1366 reached…




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SPI futures 8th March 2012 Daily Recap

The higher timeframe support patterns (Weekly lows) suggests the market will try and rise upwards, as part of a move towards retesting Wednesday's breakout and 5-day 50% level @ 4189.

Trend guide 4172

SPI Weekly and Daily cycles…

 Market support around 1410-49 has seen the market rise upwards, but it has failed to move towards the 5-day 50% level @ 4189, which also coincides with the Weekly level @ 4188.

Any further gains towards the March 50% level @ 4222, will depend on US markets continuing to rise up from their own Weekly lows.




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S&P 500 E-mini futures 7th March 2012 Daily recap

if US markets are going to follow the break and extend patterns ,then the Daily 50% level is resistance @ 1353-57

Red filter and weekly level are the trend guides
S&P 500 Weekly and Daily cycles

 S&P has found support around its Weekly lows, and as mentioned in yesterday’s recap….

Tuesday's Breakout has seen the trend continue down into the Weekly lows, which has formed a random support @ 1338.50

Price action is likely to rise up towards Wednesday's 50% level, but my view is that it will struggle to move higher for the rest of the week :- Top to Bottom 5-day cycle

We have seen the market rise into Wednesday’s 50% level and stall….

It now becomes an each way bet on whether the Weekly cycles support the market, and the rest of the week  continues to rise upwards….

Or my view plays out, and this week struggles to rise upwards, resulting in a top to bottom trading week.

Price action in globex should provide more clues by the time the cash market opens on Thursday





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SPI Futures 7th March 2012 Daily recap

the SPI is trading around higher timeframe support zones, and my view is that the SPI can swing up towards the March 50% level @ 4222, but it might take 2 -days for that to happen...

as 4185-88 could stall the trend from rising today.

SPI Weekly and Daily cycles.

Market didn’t reach 4185-88…(resistance zones….)

But price  proceeded to move down into the higher timeframe Support levels @ 4140 (Weekly lows)

The market continues to remain with breakout patterns in the daily cycles, and because of this the trend may continue lower once again tomorrow.

However, that will depend on US markets reaction to the payroll numbers tonight, and anything positive could see US markets rise, as they have done on the past two occasions.

Resulting in the SPI making it’s way up towards the March 50% level by tomorrow.

Anything negative, and that’s another story.


SPI Monthly and Weekly cycles




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S&P 500 E-mini Futures 6th March 2012 Daily recap

as mentioned in the Weekly report, don't hold longs below the daily lows, as the first week of the new month could move lower...

my hunch is, if it's going to move lower and break support, it's more likely going to happen on Tuesday.... (Monday’s Report)

S&P 500 Weekly and Daily cycles

 The daily cycle pattern didn’t provided the ideal ‘short-trade’ set-up using the 50% levels as resistance…@ 1363-65

It was confirmed with the 4 hour close below the filter @ 1359.50…

And by the time the cash market opened price was below Tuesday’s lows @ 1354.50, as part of the daily breakout on Tuesday and first Week of the new month reversal pattern.

Tuesday's Breakout has seen the trend continue down into the Weekly lows, which has formed a random support @ 1338.50

Price action is likely to rise up towards Wednesday's 50% level, but my view is that it will struggle to move higher for the rest of the week :- Top to Bottom 5-day cycle



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SPI Futures 6th March 2012 Daily recap

Trend guide 4270

Random support Tuesday’s lows and the Weekly 50% level @ 4237/39

Note;- as per Weekly report… my view is that the trend is moving down towards the 2nd Quarterly 50% level.


SPI Weekly and Daily cycles.

 Tuesday didn’t find support  @ 4237/39 and rise back towards 4270

Instead it failed, and has broken out…

The expectation (depending on what happens in US overnight), is that the SPI is moving down towards the Weekly lows, as part of the 1st Quarter resistance pattern as described in the Weekly report.



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S&P 500 E-mini futures 5th March 2012 Daily recap

market moving down from the Weekly level @ 1370 towards the Weekly 50% level and Monday lows (1356-1357)

Random support @ 1360.50 of 4.25 points


S&P Weekly and Daily cycles
S&P is being pushed down from the weekly level @ 1370 at the start of the week.

The daily level @ 1369.50 provided a random support pattern of 4.25 points, and then it was rejected down from the daily 50% level once again….




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SPI Futures 5th March 2012 Daily recap

Trend guide 4269

Resistance 4286 (weekly level)

Bias is down towards Monday’s lows @ 4242


SPI Weekly and Daily cycles

Small trading range below 4269, without reaching Monday's lows @ 4242


Market remains lackluster, as it continues to consolidate below the 1st Quarterly 50% level @ 4292…

But above the single yearly 50% level @ 4250...




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