Index, Stocks, Forex, Commodities (OIL, GOLD,SILVER) 7th April 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 5th April 2012 daily recap

Daily 50% level resistance...... red filter is ther trend guide

S&P Weekly and Daily cycles


S&P failed to reach the daily resistance levels.....1040/02

As the market remained within the daily range @ 1386





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SPI Futures 5th April 2012 Daily Recap

Whilst the market is below the Weekly level @ 4322, then trend bias is to continue back towards the April 50% level @ 4257

But for that to happen it will need to break the daily lows @ 4301.

SPI Weekly and Daily cycles

Early resistance @ 4322 pushed the market down 21 points into Thursday's lows @ 4301

However, instead of remaining below 4301 and continuing down into the monthly 50% level @ 4257

Buyers came into the market puhsing the SPI upwards and 42 points into the close.




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S&P 500 E-mini futures 4th April 2012 Daily recap

The red filters and 5-day 50% level will be the trend guide.

S&P 500 Weekly and Daily cycles

My view was that the S&P would try and make a play for the Weekly highs before it continued lower.

However, with Tuesday’s close inside the Weekly level @ 1410.50 and price trading below the Daily cycle trend guides…@ 1401/03

The bias was to move back towards the Weekly 50% level..




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SPI Futures 4th April 2012 Daily recap

after a 2-day reversal and the market is above the Weekly level @ 4322, my view is that it will try and rise up towards the Weekly highs by tomorrow,

first target 21 points, and 4350 random resistance.
SPI Weekly and daily cycles

This week started with a 2-day reversal pattern, as part of  last Friday's high.

This completed and aligned with the Weekly level @ 4322, which formed support...

whilst the daily level @ 4350 stalled the market from rising.

A move up towards the Weekly highs by tomorrow is now dependant on whether US markets also rise up overnight.



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

Red filters suggests some weakness before the cash market opens.


Trailing support:- 5-day 50% level and blue channel highs.(1405/07)


S&P Weekly and Daily cycles

Early weakness within the daily cycles...

However, the 5-day 50% level and blue channel highs failed to hold support during the day....

As the market completed the 14 point down move, which was the pattern I was looking for on Monday.

I still have the view that the S&P will try and make a move towards the Weekly highs.

However, whilst below 1410.50, that view is open to Risk





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SPI Futures 3rd April 2012 Daily recap

Tuesday is seen as part of a 2nd-day reversal pattern from Friday's highs...
yesterday's level @ 4358 will be the trend guide on open.

5-day 50% level @ 4338/41 random support


SPI Weekly and Daily cycles

SPI moved down on open, and remained in a tight trading day around support levels of 4338/41




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S&P 500 E-mini futures 2nd April 2012 Daily recap

Trend bias is UP towards the Weekly and April highs...

However, the Weekly level in the S&P 500 @ 1410 can push price down 14 points towards the Weekly 50% level (Random support)

S&P Weekly & Daily cycles

Early selling pressure from the Weekly level and the Daily levels @ 1407-10...

However, the selling olny last 8.5 points and not the full 14 points.

Overall trend bias of moving UP towards new highs in April is still in play




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SPI Futures Australian Stock Market 2nd April 2012 Daily recap

Trend guide Monday’s highs 4383

Because of Friday’s high pattern, possibility that this week begins with a 2-day reversal

First target the next spiral filter @ 4342

SPI Weekly and Daily cycles
Overall trend bias was to push up towards this Weekly and Monthly highs.

The Market opened above Monday’s highs, but once back inside 4383, the trend bias was to move lower…. (42 points)…and form the next spiral filter @ 4342.

Monday’s trading is the first day of a 2-day reversal.

Weekly level @ 4322 will define whether Tuesday remains supported…

Or the 2nd reversal day continues down towards the April 50% level @ 4267






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