Index futures, Forex, Stocks, Commodities 17th 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 16th March 2012 Daily recap

Friday's highs and Monthly highs @ 1402 is seen as resistance:- 8.5 to 14 points

S&P Weekly and Daily cycles

S&P has tried to continue up towards the monthly highs @ 1402.... but it just couldn't find the legs
Weekly Report out later





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SPI Futures 16th March 2012 Daily recap

Resistance 4316/17 :- Weekly and Daily highs.

Trend guide 4296, if below possible move back down towards the daily 50% level @ 4256

SPI Weekly and Daily cycles

Price didn't reach the resistance levels...

and whilst below 4296 didn't reach the Daily 50% level, which would have closed  'Tuesday's Gap'.

Instead it remained with a tight trading range of 21 points, as the market remained above the Weekly level @ 4284
Weekly report out tomorrow



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S&P 500 E-mini Futures 15th March 2012 Daily recap

expectation the S&P would remain above the Weekly highs @ 1382-85 and continue to push up towards the MARCH highs

I have the view that price will reach Thursday's highs (Random resistance 8.5 points)...as part of Tuesday's breakout
S&P Weekly and Daily cycles

 Trend continues upwards, but fails to precisely hit Thursday's high @ 1398.75

Trend bias is to continue towards the March highs @ 1402



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S&P 500 e-mini Futures 14th March 2012 Daily recap

5-day high breakout on Tuesday is likely to continue up into Wednesday's highs

Wednesday's highs are seen as resistance:- Red filter as the trend guide...

Any weakness on Wednesday and it's seen as short-term, the Weekly highs likely to act as support (1382-1384)

S&P Weekly and Daily cycles

 Market remained consolidating above 1382-84 without reaching Wednesday’s highs, as part of Tuesday’s break and extend pattern:- 8.5 point range.

Expectation continues to be that the S&P will continue to trend towards the MARCH highs, and then the April highs, as long as it remains above 1382




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SPI Futues 14th March 2012 Daily recap

Resistance 4316…

Any weakness is likely to remain above Wednesday’s highs 4270-73.

Breakout is likely to extend higher on Thursday

SPI Weekly and Daily cycles

Market didn’t hit resistance levels in early trading @ 4316 (Weekly highs)

And the market didn’t complete the move down into 4270-73.

Instead it remained above the Weekly level @ 4285…

And is likely to continue higher tomorrow or overnight.




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S&P 500 E-mini fuutres 13th March 2012 Daily recap

today's trading is based on whether the trend continues higher, as part of last week's Support low, and expectation that the trend is moving up toward the March highs followed by the April highs...

Support:- 1369.50/1371.50
Expectation trend is moving up into 1382-84

S&P Weekly and Daily cycles…

Early support on Tuesday and then a continuation upwards completing the move @ 1384

However, with Tuesday’s breakout  the trend is  likely continuation towards Wednesday’s dynamic highs…

As part of a move towards the MARCH highs, as described in the Weekly report.


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SPI Futures 13th March 2012 Daily recap

Because of the position of the  Weekly & monthly March 50% levels my view is that it will act as resistance...confirmed by the close below the 50% levels @ 4199 towards the 42 point low @ 4180-4174 (Support)


otherwise, 4199 could support the market, and the market rallies towards Tuesday's highs:- 4253. (resistance)


SPI Weekly and Daily cycles


Market rallied in to Tuesday’s highs @ 4253 and stalled.

Even though there was an expectation that the SPI would continue higher after reaching its support levels last week @ 4140, (as per Weekly report)...

there wasn’t a long set-up today because the market was below the Monthly and Weekly 50% levels…

And the market wasn’t rising up from lower support levels…4199 or the R42 low @ 4180-74




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S&P 500 E-mini Futures 12th March 2012 Daily recap

Weekly level is a random support zones @ 1260.50, as price rises up from the daily 50% level and Weekly 50% level in the S&P 500....

if that's the case then Monday could be Choppy:- random resistance blue channel highs @ 1366


S&P 500 Weekly and Daily cycles.

 As per Weekly report, there was an expectation that this week would begin with a 2-day reversal pattern….

However, with the market already opening lower, and starting near the Weekly 50% level….

The trend bias was to rise upwards, but to remain choppy within the daily channels




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SPI Futures 12th March 2012 Daily recap

Trend guide on open in the Monthly 50% level @ 4222.

if below the trend bias is down 42 points towards 4169-74
SPI Weekly and Daily cycles

 A move down on open, as price remains below the March 50% level.

Further  consolidation below the 5-day 50% level @ 4209...

However, a failure to complete the 42 point range from today's highs towards 4174




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