Index futures Forex, Stocks, Commodities:- OIL, GOLD, Silver 2nd June 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 1st June 2012 Daily Recap

Trend bias is down into Friday's lows, as part of a move towards the June lows.

Trend guide Red filter @ 1305

S&P 500 Weekly and Daily cycles

Early set-up using the red filter provided an ideal SHORT for a move down into the Daily lows @ 1293..

and then the bad news hit with the US payroll numbers coming out before the Cash Market opened...

Sending the trend down towards the June lows, quicker than expected.

Weekly Report out later

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SPI Futures 1st June 2012 Daily recap

Random resistance 4070/76....

with the expectation that it's still trying to move down into 4035 (84 points from this week's highs)


SPI Weekly and Daily cycles

Early rise of 21 points into the spiral filter @ 4070....

which then proceeded to move down into 4035, which was the exact low for the day...

and the rest of the day remained below the resistance levels @ 4076.

Weekly Report out tomorrow



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S&P 500 31st May 2012 Daily recap

Trend bias is down towards the June lows.

 Resistance 1316/1319

 Random Support Daily lows

S&P 500 Weekly and Daily cycle

Early resistance @ 1316 pushed the trend down into Thursday's lows..

forming a random support around those lows and the Weekly level @ 1304

Trend bias is to continue down into the June lows..

along with the possibility that price revisits the June 50% level beforehand




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SPI Futures 31st MAY 2012 Daily Recap

it wouldn’t not surprise me to see some short-term buying around 4035, *84 points down from this week's high


with random resistance zones around 4075/79 & 4094


SPI Weekly and Daily cycles


Price didn't move down into 4035, but found support around the daily channels @ 4050 and then proceeded to move higher, along the way hitting short-term resistance levels intra-day @ 4075/79

Overall price action is to continue lower, as part of the move towards the June lows from the MAY lows:- Break and extend pattern

but with the possibility that price makes it way towards the June 50% level beforehand.

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S&P 500 E-mini Futures 30th MAY 2012 Daily recap

Trying to rise upwards in the last week of the month towards the June 50% levels...

but selling continues to hit the markets

Trend guide the daily filters

S&P Weekly and Daily cycles

Wednesday’s open below the Weekly 50% and then trading below the daily 50% level put pressure on the S&P to fall further

This saw more weakness with subsequent closes below each daily level (1317) until the move down into Wednesday’s low (1308.25) was reached




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SPI futures 30th MAY 2012 Daily recap

Trend guide @ support @ 4079:- 21 to 42 points...

 as part of a continuation of the move up towards the June 50% level


    SPI Weekly and Daily cycles

    expectation that 4079 would form support and continue higher:- 21 to 42 points, but it failed

    and then when it closed below 4079 I had the expectation that it would continue down:- 21 to 42 points.

    It did neither.

    Instead remaining choppy


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SPI Futures 29th MAY 2012 Daily report

Support 4033-4037

if above 4061 the bias is into 4104 (84 points from Friday's lows )

SPI Weekly and Daily cycles

Early support @ 4033 saw the market close above the key 50% levels and channels @ 4061/73

resulting gains towards the target zone of 4104.

Further upside helped by reports out of China that they are going to embark on a round of stimulus of
$310 Billion

All this feeds into the often patterns that occur in the last week of certain months; in this case, the last week rise in May towards the June 50% level, as per Weekly Report




Posted by

SPI futures 28th MAY 2012 Daily recap

Trend guide 4037

Random Resistance 4061 & 4071

SPI Weekly and Daily cycles

As noted in this week's report...

The market can go looking for the June 50% level in the last week of MAY, which means UP.

Sadly the SPI didn't hit 4037 today...

either early in the morning, or later in the day when it reached 4061:- random resistance

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