Index Futures, Forex, Stocks, Commodities (OIL/GOLD/SIlver) 26th MAY 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 25th MAY 2012 Daily recap

Trend bias is up into Resistance @ 1328/30

Trend guide @ 1318

S&P 500 Weeky and Daily cycles

Once again the daily levels in  the S&P provide the perfect entry point to capture the initial move of 8.5 points before the cash market opens

Trend continues up into Resistance levels in the Weekly cycle 1328/30

resulting in a rejection of 8.5 to 14 points.

Weekly Report out later



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SPI Futures 25th MAY 2012 Daily Recap

Trend guide 4072 (Daily 50% level and spiral filter)

 Either the market remains within the channels @ 4055

Or price continues down into Friday’s lows, and then the weekly lows overnight.


SPI Weekly and Daily cycles.



After testing resistance this week @ 4143 and being rejected down…

The market bias was to try and continue down into the Weekly lows by Friday.

This was helped set-up by the today’s open and 4072; - 21 point than 42 points.:- rejection

Weekly Report out tomorrow



Daily Trading Set-ups & Analysis
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S&P 500 E-mini Futures 24th MAY 2012 Daily recap

the red filter @ 1307 is an attraction and then a rejection :- minimum move of 8.5 points.

 if that's the case then the move could be up from 1307

S&P 500 Weekly and Daily cycles

1307 forms support and pushes price upwards 8.5 points..

and then the 14 points from the lows (primary intra-day range)

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SPI Futures 24th MAY 2012 daily recap

Because of the 5-day 50% level and Spiral filter @ 4094, I'm having a hard time see a rise today.

Therefore today's key level is 4076, and  First partial exit zone if there is weakness should be around 4052-56, ( 4052 is 84 points down from this week's highs)


SPI Weekly and daily cycles

Selling has continued, as price remains below 4094 and completes the move down into 4052.

Trend bias is to continue down into the Weekly lows @ 3964.

However, there are reports coming out that Greece will be kicked out of the Euro Zone (not confirmed)

How that effects the markets in the short-term (if the news hits) is an each way bet...

as the news can cut both ways in the short-term :- positive or negative.



Posted by

S&P 500 E-mini Futures 23rd MAY 2012 Daily recap

is the trend going to continue down towards the Wekely lows by Friday?

could do....

Trade on the side of the channels and red filter

S&P Weekly and Daily cycles

Early resistance around the daily levels pushed the trend down 14 points....

However, the back half of the day attracted short-term covering

As the MAY lows once again formed resistance @ 1315.50.

1315.50 will be the trend guide on Thursday, as to whether the next 2-days continues down into the Weekly lows @ 1270

or price moves up towards 1328/1330



Posted by

SPI Futures 23rd MAY 2012 Daily Recap

The SPI has risen into the 2nd Quarterly 50% levels and MAY lows @ 4143 and stalled overnight.

The rest of this week's trading is based on whether the trend resumes its downward trend towards the Weekly lows @ 3964

Today's Trend guide 4088

SPI Monthly and Daily cycles.


As we can see the trend has stalled below Key Support levels @ 4143/64..

And today’s weakness was helped by the close below 4088 and subsequent resistance thereafter.

The rest of this week is now based on whether the trend makes it as low as the Weekly lows @ 3964 by Friday..

Or it remains choppy below 4143/64 until the end of the week.

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S&P 500 e-mini Futures 22nd MAY 2012 Daily recap

Tuesday is seen as part of a 2nd day rise, whilst above the daily channels @ MAY lows.

 However, the Weekly levels @ 1328/30 are seen as resistance

S&P Weekly and Daily cycles

Early Rise upwards of 8.5 points...

but price failed to hit resistance levels @ 1328/1330
.

Daily Trading Set-ups & Analysis
Posted by

SPI Futures 22nd May 2012 Daily recap

The SPI could continue back towards the 2nd quarterly 50% levels @ 4143/64.

But the daily 50% levels are seen as resistance @ 4122/27 with a possible retest of yesterday's level @ 4070

SPI Weekly and Daily cycles

My preferred pattern towards was a move down into 4070 before it would continue higher....

simply because the intra-day patterns didn't provide ideal 'long' set-ups during the day...

Whilst the Daily 50% level @ 4122/27 belatedly formed resistance.

current price action is a rise towards last week's breakout levels @ 4143/64



Posted by

S&P 500 E-mini Futures 21st MAY 2012 Daily recap

There is a Friday low support pattern, then could result in a 2-day rise to start the week off

however, it makes it hard with the blue channel lows, which may act as resistance @ 1303 & 1315 (resistance)

Trend guide red filter

S&P 500 Weekly and Daily cycles

S&P rose upwards, but remained below 1303 for the first 8 hours of trading...

and as the Cash market opened the trend began its first day of a 2-day rise to start the week off, whilst 1315 formed resistance later in the day.

The MAY lows @ 1315.50 can continue to act as resistance and push the trend back down towards the Weekly lows by Friday.

However, a 2-day counter-trend move could also see the Tuesday move as high as 1329, and towards the Weekly level.



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