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SPI futures Australian Stock Market 1st February 2012 Daily recap

2012-01-31T22:32:00.000-08:00

Trend guide 4243

4243 will determine whether the market rises up from the Weekly level @ 4221 (yesterday’s low)….

Or fails and moves down into the February 50% level.

SPI Weekly and Daily cycles

Market moves down into the February 50% level @ 4204, found support for a number of hours...

but support failed, and price has closed below the February 50% level.

Not a good sign for the 1st Quarter, but it’s not unexpected….

As the Primary and Secondary cycles (below the higher timeframe 50% levels) have been bearish for over 6 months now, as per Weekly report.

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S&P 500 31st January 2012 Daily recap

2012-01-31T13:39:00.000-08:00

Trend bias is UP to complete the break and extend pattern from 1278 into 1335

However, there is still 1 day of resistance level (January highs @ 1314), which can act as resistance for 1 more day

S&P Weekly and Daily cycles

Early rise of 8.5 points from the daily filter @ 1309.....

However, the monthly resistance @ 1314 came into play, pushing the S&P 500 down precisely 14 points.
Resistance levels disappear as of tomorrow, with the expectation that the break and extend pattern will complete this week...@ 1335

as long as it remains above the Weekly 50% level @ 1298

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SPI Futures Australian Stock Market 31st January 2012 Recap

2012-01-30T21:36:00.000-08:00

Trend guide @ 4237

Random resistance 4255 Support 4216-21

My view is that the market will rise up from 4237 and any further gains today will be defined by 4255.

However, The spiral filter doesn’t favour any further gains today, & it won't surprise me to see the market move down into Support (4216-21)

SPI Weekly and Daily cycles

Early rise up into 4255…

And then the market reversed, closing below the daily 50% @ 4237, sending the SPI back down into the Weekly level @ 4221.

Currently the Weekly level is supporting the market, but it will depend on whether there is weakness in US markets tonight based on 1 more day of resistance.

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S&P 500 Emini 30th January 2012 Daily recap

2012-01-30T13:54:00.000-08:00

Expectation that the S&P is moving down into the Weekly 50% levels @ 1298

Early push down from the blue channel lows @ 1307 towards Monday's lows. Those Daily lows match the Weekly 50% levels, as part of a swing towards higher highs

S&P Weekly and Daily cycles

As per Weekly report, expectation is that the trend will complete the break and extend pattern from 1278 to 1335.

This is helped by the patterns in the Weekly and Daily cycles on Monday.

Resistance @ 1314 resides for 1 more day, when resistance disappears from
Wednesday onwards

However, be aware of weakness on Tuesday if it's being push down from the
daily 50% level, as described in the book

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SPI futures Australian Stock Market 30th January 2012 Daily Recap

2012-01-29T21:15:00.000-08:00

If the market opens higher around 4261/65 is seen as a random resistance zone until the next spiral filter is formed around 4238.

This aligns with the daily levels :- Support

SPI Weekly and Daily cycles

Resistance formed @ 4261 and pushed price down into the daily levels @ 4238.

These levels formed support, but failed to complete the minor range of 21 points.

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Index futures, Forex, Stocks, Commodities ;- OIL, GOLD, Silver 28th January 2012 Weekly Reports

2012-01-27T15:10:00.001-08:00

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 27th January 2012 Daily recap

2012-01-27T14:08:00.000-08:00

S&P Weekly and Daily cycles

Market remains below the Weekly highs @ 1320, and remains choppy within the daily levels. (8.5 points)

Weekly report out later

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SPI Futures Australian Stock Market 27th January 2012 Daily recap

2012-01-26T21:34:00.000-08:00

Friday's high @ 4252 will determine whether the market remains flat with a downward bias

or continues to trend upwards to 4279

SPI Weekly and Daily cycles

Moved up into 4279 and reversed back down into Friday's higsh @ 4252.

Weekly report out tomorrow

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S&P 500 E-mini 26th January 2012 Daily report

2012-01-26T13:11:00.000-08:00

Trend bias to continue higher:- random resistance Thursday's highs

Support 1314/15

S&P Weekly and Daily Cycles

Early rise into Thursday's highs, and random resistance levels pushed the market back down into the January highs @ 1314.

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S&P 500 e-mini 25th January 2012 Daily recap

2012-01-25T13:23:00.000-08:00

S&P looks like it wants to continue higher (Wednesday's highs), as long as it remains above 1312.50.

Daily and Weekly highs match:- random resistance @ 1320

S&P Weekly and Daily cycles

Early weakness around the January highs @ 1314 pushed the market down, but then it resumed its trend towards the Weekly and Daily highs @ 1320 (random resistance)

As noted in yesterday's recap, current price suggests the market is following a 2nd monthly wave pattern towards February's highs.

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SPI futures Australian Stock Market 25th January 2012 Daily recap

2012-01-24T21:25:00.000-08:00

I have the same view as yesterday, and that the Weekly level support @ 4186 will try 2nd the market up towards the weekly highs

Trend guide 4197-4200

Random resistance 4223

SPI Weekly and Daily cycles

Early rise up into Wednesday’s highs….

And then further buying towards higher highs, as the market began to consolidate above 4223.

Ideally I would have liked to have seen the SPI touch the daily 50% levels (4200) before it continued higher, but that wasn't the case.

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S&P 500 E-mini 24th January 2012 Daily recap

2012-01-24T13:42:00.000-08:00

first support is around 1303 (8.5 points)

Random Resistance is around the 1310...

S&P Weekly and Daily cycles.
Daily levels formed support @ 1303 and pushed the market back towards the highs.

Current price action looks like it’s consolidating around the January highs @ 1314, as these highs are forming a resistance zone….

But will likely to continue higher as the resistance zones shift and move higher in February.

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SPI futures Australian Stock Market 24th January 2012 Daily recap

2012-01-23T21:40:00.000-08:00

After yesterday’s support off the Weekly level @ 4186

My view is that price will rise up from 4204 and moves towards Tuesday’s highs @ 4237/42

SPI Weekly and Daily cycles.

4204 didn’t support today’s trend....

instead the market moved back down into the Weekly level @ 4186 once again....

As the S&P 500 stalled at the January highs @ 1314.

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S&P 500 e-mini futures 23rd January 2012 Daily recap

2012-01-23T13:22:00.000-08:00

Monthly and Daily highs Resistance

S&P Weekly and Daily cycles

S&P completes the move in the January highs @ 1314:-

The monthly and Daily highs formed resistance (8.5 point reversal)....

As noted in the Weekly report.....

There is a potential 2nd wave pattern towards new highs in February, as part of the breakout pattern from 1278 towards 1340

however, over the next 4 days we begin to look for an patterns in the 5-day range (daily cycle) that suggests a retest of that breakout before the next leg upwards.

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SPI Futures Australian Stock Market 23rd January 2012 Daily recap

2012-01-22T21:19:00.000-08:00

The position of the filter @ 4223 doesn’t favour an up day....

Potential move towards the Weekly level @ 4188

Random support 4196

SPI Weekly and Daily cycles.

Early selling, as the market was pushed down from the daily filter @ 4223.

Around 4196 price formed a support zone, without the late buying.

As the market tried to move towards the Weekly level @ 4186

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Index, forex, Stocks, Commodities ;- OIL/GOLD/SILVER Weekly reports

2012-01-20T16:06:00.001-08:00

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S&P 500 e-mini 20th January 2012 Daily recap

2012-01-20T15:02:00.000-08:00

Trend bias is up towards the Daily highs

Daily & Monthly highs are seen as resistance

S&P Weekly and Daily cycles

trend bias moved up but didn't reach the upper timeframe levels.

Weekly Report out later

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SPI futures Australian Stock Market 20th January 2012 Daily recap

2012-01-19T21:35:00.000-08:00

Trend guide 4220.

My view is that the SPI is moving up towards Friday's highs.

If Below 4220, trend bias is down into 4196 (random support)

SPI Weekly and Daily cycles

Friday moved down into Support @ 4196, instead of moving up into the daily highs.

Those daily highs would have aligned with the first major level in the Primary timeframe @ 4250, as US markets begin move UP into their January highs.

Weekly Report out tomorrow.

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S&P 500 E-mini Futures 19th January 2012 Daily recap

2012-01-19T12:57:00.000-08:00

Today's trading is based on whether the trend follows the daily cycles towards the January highs @ 1314

S&P Weekly and Daily cycles

Early resistance around the Weekly highs....

However, intra-day price action (above the red filter) has seen the trend follow the daily cycles, as the market nears the January highs @ 1314.

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SPI futures Australian Stock Market 19th January 2012 Daily recap

2012-01-18T21:36:00.000-08:00

Today's trading is based on whether the market remains above the Weekly & daily highs @ 4211-15

or whether Thursday's spiral top @ 4228 pushes the SPI back down towards 4193 (random support) (42 points)

SPI Daily and Daily cycles

Initial move down from the spiral filter @ 4228 (21 points) settled below the daily highs @ 4215.

Negative unemployment numbers help push the SPI back down 42 points towards the Trailing support levels in the daily range.

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S&P 500 e-mini Futures 18th January 2012 Daily recap

2012-01-18T13:05:00.000-08:00

Daily will define whether the trend is moving higher...(Wednesday's highs),

As part of a move towards the Weekly and monthly highs

S&P Weekly and Daily cycles

Choppy trading early in the day as the market moved either side of the daily levels within an 8.5 point range

But it wasn’t until the 2nd half of the day that the S&P following the timeframe cycles towards the highs once again.

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SPI Futures Australian Stock Market Report 18th January 2012 recap

2012-01-17T21:17:00.003-08:00

Trend guide 4178…

4178 will determine whether the market moves towards the daily highs..

or moves down into the 50% levels and beyond. (daily Report)

SPI Weekly and Daily cycles

4178 formed support and continued back towards the highs.

Weekly highs @ 4211 currently forming a resistance zone in the weekly cycle

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S&P 500 E-mini 17th January 2012 Daily recap

2012-01-17T13:28:00.000-08:00

2-day rise has random resistance around the Daily and Weekly highs.

S&P Weekly and Daily cycles

Random resistance of 8.5 to 14 points on Tuesday, has resulted in price closing below key levels in the daily cycle.

Even though the trend bias is to continue towards the Weekly and Monthly highs @ 1314

Tuesday's price action could see a retest of the daily lows on Wednesday.

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SPI futures Australian Stock Market 17th January 2012 Daily recap

2012-01-16T21:23:00.000-08:00

Trend guide 4151-54

Note:- above 4164 and the trend bias is to follow the Weekly cycles towards 4211

SPI Weekly and Daily

intra-day timeframe close above 4154 attracted buyers, as part of a move towards higher highs in the Weekly cycle

Trend bias is to continue towards the Weekly highs @ 4211, as part of a move towards 4250-92 in the first quarter

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S&P 500 e-mini Futures 16th January 2012 Daily recap

2012-01-16T11:58:00.000-08:00

The S&P is showing that it could rise upwards from the Weekly level @ 1282

Blue channel lows @ 1278 Support:- Potential 2-day rise upwards.

S&P 500 e-mini Weeklky and Daily cycles

Cash markets closed for Martin Luther King Holiday, whilst futures markets continued higher, as they followed the Weekly cycles

S&P 500 started the day below the daily 50% levels, whilst the blue channel lows were seen as support @ 1278.

Instead the Weekly level @ 1282 formed support, confirmed with price trading above the daily 50% levels @ 1284.

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SPI futures 16th January 2012 Daily recap

2012-01-15T21:22:00.000-08:00

Trend 4141 (5-day 50% level)

Either it swings back towards the Weekly level @ 4164 (random resistance)

Or moves down into the Weekly 50% level (random support)

SPI Weekly and Daily cycles

Moved down on open and remained above random support zones (21 point ranges)

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Index futures, Forex, Commodities, GOLD/Silver/OIL 14th Jan 2012 Weekly reports

2012-01-13T15:03:00.001-08:00

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

2012-01-13T14:04:00.000-08:00

The current Weekly highs could act as resistance until next week.

Friday's 5-day lows Are seen as support, if for some reason US markets move down on Friday

The reason for the move downward on Friday was not only based on the Weekly highs acting as resistance, but it was the downgrade of the French hitting markets during the Euro session.

The S&P move down, found support, and rose upwards in late trading.

Expectation remains that price is moving towards the January highs @ 1314.

Weekly Report out later

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S&P Weekly and Daily cycles

SPI Futures 13th January 2012 Daily recap.

2012-01-12T21:28:00.000-08:00

Resistance Weekly highs @ 4182

Random support 4166.

SPI Weekly and Daily cycles.

Weekly highs formed resistance, pushing the SPI down 21 points….

Late close above 4166 (random support), attracted Buying.

don't you love the lack of Volatility!

Weekly Report out tomorrow.

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S&P 500 e-mini 12th January 2012 Daily report

2012-01-12T13:28:00.000-08:00

Trend bias is to continue towards the Weekly and then the monthly highs.

Random resistance Thursday’s highs

S&P Weekly and Daily cycles

Early move upwards from the daily filter @ 1286 saw price move up hit resistance levels, and reverse back down into the trailing daily support levels.

Blue channel highs and 5-day 50% level @ 1282 pushed the S&P back towards the highs.

Target remains the January highs @ 1314

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SPI Futures 12th January 2012 Daily recap

2012-01-11T21:23:00.000-08:00

SPI Weekly and Daily cycles

Another consolidating trading day as the market remains below the Weekly highs @ 4182

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S&P 500 E-mini 11th January 2012 Daily recap

2012-01-11T13:47:00.000-08:00

Trend bias is to continue upwards this week, as part of a move towards the Weekly & monthly highs.

Support:- channel highs and daily 50% level @ 1278

S&P Weekly and Daily cycles

Didn’t reach support levels @ 1278, but a move above the filter in the 2nd half of the day resulted in a higher daily close...

as the trend continues towards the Weekly and Monthly highs

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S&P 500 E-mini futures 10th January 2012 Daily recap

2012-01-10T13:25:00.000-08:00

today looks like it's continuing higher, as part of the December 50% level Support and extension pattern upwards.

Tuesday's highs random resistance, as part of a trend trying to move towards the Weekly highs

S&P Weekly and Daily cyclesAfter yesterday’s support, Tuesday was most likely going to continue to move upwards.

Tuesday highs @ 1284.50 failed to stall the trend....

as the market tried to reach the precise ‘Weekly high’ @ 1293.50

Whilst the S&P remains above Tuesday's highs @ 1284.50, the expectation it will continue to extend upwards on Wednesday.

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SPI Daily 10th January 2012 Daily recap

2012-01-09T21:30:00.000-08:00

Same position as yesterday, using the January 50% level @ 4088 as support & trend guide

Random resistance Weekly 50% level 4118.

SPI Weekly and Daily cycles

Daily cycle suggested an upday as the market was opening above the daily filter @ 4087..

Later buying has seen the market close above the Weekly 50% level @ 4118

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S&P 500 E-mini 9th January 2012 Daily recap

2012-01-09T13:54:00.000-08:00

Weekly & Daily levels are the trend guides for Monday.

It either going to move towards the channel highs @ 1278

Or begin a reversal towards the Weekly 50% level.

S&P Weekly and Daily.

Monday followed a move towards the channel highs, and once again moved into a consolidating trading day of 8.5 points.

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SPI Futures 9th December 2012 Daily recap

2012-01-08T21:12:00.000-08:00

Today's trading is based on whether this week's lower open rises up from the January 50% level @ 4088:- First target Weekly 50% level @ 4118

or follows Monday's pattern towards the lower Weekly level @ 4050 (random support)

SPI Weekly and Daily cycles

Early rise upwards from the January 50% level, but a failure near the Weekly 50% level has seen the market reverse 42 points and begin trading below a key level in the market.

Until late buying propped the market up, as it remains choppy around the higher timeframe 50% levels.

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Index, Forex, Commodities, Equites, GOLD & Silver, 7th January 2012 Weekly Reports

2012-01-06T19:59:00.000-08:00

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S&P 500 E-mini futures 6th January 2012 Daily recap

2012-01-06T16:07:00.000-08:00

S&P Weekly and Daily cycles

Consolidating trading day within the daily range, as the market continues to butt its head around the upper Weekly levels.

Weekly report out later

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SPI futures 6th January 2011 Daily recap

2012-01-05T21:32:00.000-08:00

Today’s trading is based on whether the market remains below the Weekly 50% level @ 4151-54

SPI Weekly and Daily cycles….

SPI opened lower and proceeded to break the daily 50% level @ 4111…

Sending the SPI back down into the January 50% level @ 4088

Friday’s close below the January 50% level isn’t a good sign in the short-term, as it now resumes its Primary cycle trend…

As US markets struggle to move above their own Weekly highs.

Weekly level @ 4080 currently supporting the Trend, which dynamically shifts next week.

Weekly report out tomorrow

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S&P 500 E-mini Futures 5th January 2012 Daily recap

2012-01-05T13:33:00.000-08:00

Primary cycles are bullish, and there is also the December 50% level support pattern, which often suggests the trend will extend upwards, as long as the market remains above 1261.25

if the S&P is going to continue higher towards Thursday's highs...(8.5 to 14 points)

then the red filter is the trend guide

S&P Weekly and Daily cycles

My view is was that the S&P would continue to move upwards on Thursday, using 1269.50 in early trading.

However, the Weekly upper levels have been acting as resistance, and instead of moving upwards the market moved down 14 points precisley, tested the Weekly level @ 1261.25, and then proceeded to move upwards later in the day.

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SPI Futures 5th January 2012 Daily Recap

2012-01-04T21:00:00.000-08:00

Today is opening below the Weekly 50% level @ 4154/58, which has a bias to move down into the 50% levels @ 4114 (Support 4104)

SPI Weekly and Daily

Market open inside the Weekly 50% level and channel highs @ 4154/58

And proceeded to move down into Daily support levels (low 4105), which failed to provide more than 21-points of support.

SPI continues to remain above Key monthly support levels @ 4088.

Any further gains will depend on US markets moving upward tonight, and the SPI opening above the Weekly 50% level.

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S&P 500 E-mini Futures 4th January 2012 Daily recap

2012-01-04T13:18:00.000-08:00

A breakout of Tuesday's highs suggests more gains towards Wednesday's highs.

However, the red filter suggests that price will come down into the daily 50% level, as part of retesting Tuesday's breakout.

1264.75 and blue channels highs are seen as support

S&P 500 Weekly and Daily cycles

Early price action moved down into trailing support levels within the Daily cycle…

And further gains came later in the day, but price failed to reach Wednesday’s highs @ 1283.25

Current price action suggests more gains in the short-term, however, there are a number of upper levels acting as resistance.

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SPI Futures 4th January 2012 Daily recap

2012-01-03T21:25:00.000-08:00

The SPI is now above the January 50% level @ 4088...

This level along with the Weekly level @ 4080 is seen as Support.

Trend bias is up towards the Weekly 50% level @ 4154 (Wednesday's highs)...

and as high as 4250 this month.

SPI Weekly and Daily cycles

As noted in yesterday’s report, it won’t take much for the SPI to move above the January 50% level, along with bullish Primary cycles in US markets….(S&P 500)

Today opened above 4088, and continued with its own breakout pattern @ 4142 (Wednesday's highs)
current price action should see this week continue to push higher…..(Weekly highs)

Trend guide the Weekly 50% level @ 4154

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

2012-01-03T13:20:00.000-08:00

S&P Weekly and Daily range

S&P opened above the Weekly highs @ 1272, and pretty much stayed above that level in a 8.5 point range for the entire day.

As mentioned in the Weekly report, the Primary cycles are bullish on the S&P...

And if they remain bullish at the start of 2012, then these upper Weekly zones are level where traders need to keep an eye on (Support).

If below 1261....

then there is a possible move back towards the Weekly 50% level, which aligns with the Primary cycle support zones @ 1235.

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SPI Futures 3rd January 2011 Daily recap

2012-01-02T21:48:00.000-08:00

SPI Weekly and Daily cycles

The SPI opened higher, but spent the entire day hitting a brick wall of the Monthly 50% level in January.

21 point range all day, without moving lower and testing the daily 50% levels.

Trend bias remains down....

but it won't take much for the SPI to open above this level if US markets move upwards on Tuesday.

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Index futures, Forex, Commodities, Stocks, GOLD & SILVER 31st December 2011 Weekly reports

2011-12-30T15:45:00.001-08:00

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S&P 500 E-mini 30th December 2011 Daily Recap

2011-12-30T13:55:00.000-08:00

S&P Weekly and Daily

Quiet day in the market, as the trading range remains within a 8.5 point range.

Weekly Report out later

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SPI Futures 30th December 2011 daily recap

2011-12-29T20:51:00.000-08:00

Resistance @ 4085/88

Gap closure @ 4051 (random support). (21 points down from the spiral filter @ 4075)

it's either going to remain choppy in between 4051 & 4085/88....or NOT

SPI Weekly and Daily

Market moved down from the spiral filter @ 4075 into 4051

4051 provided support some, but it then failed at the 5-day 50% level @ 4065, and continue to move lower, as it follows the Weekly cycles

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S&P 500 E-mini 29th December 2011 Daily recap

2011-12-29T13:13:00.000-08:00

By the look of today's levels it doesn't look like it's going to move down towards the Weekly 50% level.

The channel lows and 5-day 50% levels @ 1245 could form random support zones of 8.5 to 14 points

S&P Weekly and Daily range

Daily channels and 50% level @ 1245 formed support...

rising upwards 14 points precisely.

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SPI Futures Australian Stock Market 29th December Recap

2011-12-28T21:23:00.000-08:00

Support 4019 (Thursday’s lows)

Gap closure @ 4056 (resistance)

SPI Weekly & Daily cycles

SPI remained above Thursday's lows @ 4019, but failed to complete the 42 point range upwards…

Or at least hit the gap closure and daily level @ 4056.

Market continues to remain weak coming into the end of the year.

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S&P 500 E-mini 28th December 2011 Daily recap

2011-12-28T13:51:00.000-08:00

Yesterday's small range is now forming a NO CONTROL pattern, where the opening and closing price is in the middle of the range.

This pattern often leads with a TRENDING day on the next day. Because of the current price action my view is that TRENDING day will be DOWN...using the Weekly level @ 1264 as resistance:- target the Weekly 50% levels.

We also have a Weekly DROP pattern, where the forward Weekly high drops below the current Weekly high, this can also lead to weakness.

Random support blue channel highs @ 1255

S&P Weekly and Daily range.

Weekly level @ 1264 formed resistance.

1255 formed random support of 8.5 points, but then continued lower with the trending day, without reaching the Weekly 50% level.

Maybe that might happen by tomorrow..

Helped by the Weekly 'DROP' pattern, as the market moves towards the middle of the new Primary 50% levels for 2012.

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SPI Futures Australian Stock Market 28th December 2011 Daily recap

2011-12-27T21:25:00.000-08:00

Today's trend bias is based on the Monthly 50% level @ 4134

Along with the levels in the daily Range.

SPI Weekly and Daily cycles.

Higher daily open and sell down, as the market remains below the December 50% level @ 4134

And for most of the remaining day, price has been consolidating in 21 point ranges below the Weekly level @ 4083…

And above the Daily level @ 4068.

Last week of the month, Quarter and Year and current price action doesn’t bode well coming into the start of a new Primary cycle for 2012.

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S&P 500 E-mini 27th December Daily recap

2011-12-27T13:23:00.000-08:00

1264 Weekly Trend guide (random resistance)

S&P Weekly and Daily

Weekly level @ 1264 has formed resistance, as the market consolidated (4.25 point ranges) in and around the daily filter (red).

Today's trading looks like it's forming a 'no-contol' pattern at the top of the Weekly range...

And often the next day can move into a trending range once it takes out the high or low of today's range

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Index, Forex, Commodities, Futures, Stocks 24th December 2011 Weekly Report

2011-12-23T15:52:00.000-08:00

I want to wish everyone a Merry Christmas and enjoy your 'Holidays'

Thank you for your support.

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 23rd December 2011 Daily recap

2011-12-23T14:59:00.001-08:00

Weekly highs are the targets, and random resistance around 1265-68.....

Trend guide the red filters.

S&P Weekly and Daily cycles

Choppy for most of the day, until a late push upwards that failed to reach the targets of the Daily and Weekly highs.

Weekly Report out later

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SPI Futures 23rd December 2011 Daily recap

2011-12-22T20:41:00.000-08:00

Resistance 4134

Support 4106

SPI Weekly and daily Cycles

December 50% level @ 4134 has acted as resistance once again....

pushing the SPI down into the trailing channels, along with the spiral filter support level @ 4106.

Weekly reports out tomorrow

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S&P 500 E-mini futures 22dn December 2011 Daily recap

2011-12-22T13:08:00.000-08:00

my view is that the trend will continue to move up towards Thursday's highs

Weekly 50% level and red filter support

S&P Weekly and Daily cycles.

This week's price action of rising up from the December 50% level, along with Wednesday's price action help set-up further gains on Thursday

Trend bias is to continue towards the Weekly highs by Friday…

And the Quarterly 50% level @ 1274.50 by next week.

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SPI Futures Australian Stock Market 22nd December 2011 recap

2011-12-21T21:26:00.000-08:00

Resistance 4134/47

Trend guide 4097

Support 4067/72

SPI Weekly and Daily cycles.

SPI remains in a very tight trading range below 4097, but above the support levels @ 4067/72

Lack of volatility on the market coming into the end of the year is extremely boring.

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S&P 500 E-mini 21st December 2011 Daily recap

2011-12-21T12:37:00.000-08:00

Red filter is the trend guide on whether price comes down into the 5-day 50% levels...(Support @ 1223)

This is based on retesting yesterday's breakout of the Tuesday’s highs.

random resistance Wednesday's highs

S&P Weekly and Daily cycle

S&P moved up as part of the break and extend pattern from Tuesday’s highs into Wednesday’s highs @ 1244.

And then proceeded to reverse back down, as part of retesting yesterday’s breakout and 5-day 50% level (support) @ 1223

Current price action suggests more upside this week, with a move towards the Weekly highs

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SPI Futures 21st December 2011 Daily recap

2011-12-20T21:22:00.000-08:00

Support 4089-94

Resistance 4129/34

SPI Weekly & Daily cycles

Market remained within a 21 point range around resistance levels today @ 4129.

The market continues to remain below the December 50% level @ 4134.

Any further gains will be help by US markets remaining above their Weekly 50% levels

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S&P 500 E-mini 20th December 2011 Daily recap

2011-12-20T13:23:00.000-08:00

Because of the December 50% level support, I favour a move upwards. 5-day 50% level is the trend guide on whether price continues up into Tuesday's highs

5-day range is also tightening up, therefore there is a possibility of a breakout over the next 2-days

S&P Weekly and Daily range…..

As noted in Monday’s report:- S&P support @ 1198/1200.
which could result in a swing back towards the Weekly 50% levels (2-day rise)

Today’s trading aligned with the higher timeframe support patterns, along with the levels in the daily range @ 1203 and then the 50% level @ 1209

The tightening of the 5-day range has resulted in a breakout and a continuation back towards the Weekly 50% level (1231.50 2-day rise).

The rest of this week will be define by the Weekly 50% level, and whether the trend continue to move up towards the Weekly highs by Friday.

Short-term, there is a break and extend pattern in the daily cycle (Tuesday high breakout @ 1224.50, therefore there’s an expectation of higher highs on Wednesday.

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SPI Daily 20th December 2011 Daily recap

2011-12-19T21:21:00.000-08:00

Resistance 4067/72

trend bias is down towards Tuesday's lows

SPI Weekly and Daily

Market didn't reach resistance levels...

and didn't complete the 42 point range down into 4015/18

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S&P 500 e-mini 19th December 2011 Daily recap

2011-12-19T13:21:00.000-08:00

Trend guide red filters & blue channels @ (4pm)

5-day 50% level random resistance @ 1215.25

S&P Weekly and Daily range.

Whilst the market was above the December 50% level, the early trend bias was up using daily channels @ 1203 (4pm Sydney) as support :- 8.5 to 14 points.

This saw price move up into the daily 50% level during globex hours....

but once the cash market opened and price was back below 1215.25, sellers hit the market pushing price towards the lows….

Critical support levels remain the Weekly level @ 1197.75 and the December 50% level @ 1200

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SPI FUTURES 19th December 2011 daily recap

2011-12-18T21:35:00.000-08:00

Based on the Weekly close below the December 50% level @ 4134, the trend bias is down towards Monday’s lows (4072/78)

Below 4072 and trend bias is down into 4037.

SPI Weekly and Daily cycles.

As mentioned in the daily report….

The reason why I favour a down move is because of Thursday's 5-day breakout of the 5-day lows @ 4147, Friday's retest of the breakout area and failure, and now the expectation that's it going to extend down into Monday's lows:- break and extend pattern

The bias was down…..and based on Monday’s breakout of the daily lows and Weekly level @ 4072/78…

Tuesday is likely to continue down into the Weekly lows @ 4000

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Stock, Index, Forex, Commodities, futures 17th December 2011 Weekly reports

2011-12-16T21:18:00.001-08:00

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S&P 500 E-mini futures 16th December 2011 Daily recap

2011-12-16T14:19:00.000-08:00

Weekly 50% level @ 1215.50 support

However, the daily 50% level @ 1223.75 could actually push price back down into the blue channel lows @ 1212

S&P Weekly and Daily cycles

Early support from the Weekly 50% level @ 1215.50 rising 8.5 points into the daily 50% level, which formed resistance.

Weakness hit the market around lunch time, as sellers appeared using the red filter as a the trend guide back towards 1212

Weekly Report out later

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SPI Daily Australian Stock Market 16th December 2011 Daily recap

2011-12-15T21:14:00.000-08:00

Trend guide & support 4134/39

Upper targets 4163, and as high as 4185.

S&P Weekly and Daily

Consolidation around the December 50% level @ 4134, without reaching the upper target levels.

If there it’s going to reach those upper targets, it is because US markets rise upwards on Friday.

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S&P 500 E-mini 15th December 2011 daily recap

2011-12-15T13:07:00.000-08:00

Random support red filter at 7pm (14 points), matched with the December 50% level @ 1200

Resistance:- Daily 50% levels

S&P Weekly and Daily cycles

S&P found support using the December 50% level, rising a double R14 point range, but without reaching the Daily 50% level @ 1222.75

as the Weekly 50% level @ 1215.50 stalled Thursday from rising higher

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SPI futures 15th December 2011 Daily report

2011-12-14T21:19:00.000-08:00

Resistance 4147

Early trend guide is based on 4119 (initial 21 point move)

Random support 4099.

SPI Weekly and Daily cycles

The SPI opened below the December 50% level @ 4134, and continued to remain below it after the initial 21-point rise.

Below 4119 saw the market move down 21 points and align with random support

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S&P 500 e-mini 14th December 2011 Daily recap

2011-12-14T12:46:00.000-08:00

If there is a down move, then the red filter @ 1240 is the trend guide for a target of 1206 & Wednesday's lows.

This is based on the DOW making its own way towards the Weekly 50% level @ 11765, pushing the S&P lower

S&P Weekly & Daily cycles.

1240 formed resistance on Wednesday, and currently Wednesday’s lows are forming a random support zone…

With the December 50% level forming a more robust support zone on Thursday.

Keep in mind that current price action has the S&P 500 below the Yearly 50% level in 2012, which isn’t a good sign for the start of the new year.

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Australian Stock Market SPI futures 14th December Daily recap

2011-12-13T21:28:00.000-08:00

There are two patterns at play....

#1 opens below the spiral filter 4181 or is rejected down from 4189 towards 4253 (Wednesday lows)

# 2 my hunch is that Wednesday will try and rise upwards:- target once again is 4204..., that may act as resistance

SPI Weekly and Daily range

Early resistance @ 4189 (21 point down move)….

And then a move up towards the target @ 4204, which has acted as resistance once again...

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S&P 500 E-mini 13th December 2011 Daily recap

2011-12-13T13:37:00.000-08:00

If the S&P is going to go down into its Weekly 50% levels, then the resistance levels are the blue channel lows and 5-day 50% levels @ 1241.50

If the first 4 hours moves down, then the red filter and 7pm become random support levels @ 1227

Weekly 50% level & Tuesday's lows ( support:- 1215.50)

S&P Weekly and Daily cycles.

Early move down into 7pm support, (Red filter) saw the S&P rise up into the resistance levels in the daily range:- 1240.50

The expectation from there on would be a continuation of the move down into the Daily lows, along with the Weekly 50% levels:- support, which has currently provided an 8.5 point support pattern.

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Australian Stock Market SPI futures 13th December 2011 Recap

2011-12-12T21:28:00.000-08:00

Support Tuesday’s lows @ 4181-87

Random resistance Weekly 50% level @ 4204.

SPI Weekly and daily cycles…

21 point rotations as the market remained in between support and resistance….

4181 was the spiral low, whilst the Weekly 50% level @ 4204 formed a robust resistance zone.

And a late sell-off, as US futures continue lower at the same time.

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S&P 500 E-mini 12th December 2011 Daily recap

2011-12-12T13:49:00.000-08:00

Weekly level is the trend guide @ 1249.75

If below the Weekly level and Daily 50% level the trend bias is down into the channel lows (random support)

S&P Weekly and Daily Cycles.
Monday has proceeded to follow a lower daily close, without the Channels lows providing any random support (8.5 points) during the day.

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SPI futures Australian Stock Market 12th December 2011 Daily recap

2011-12-11T21:16:00.000-08:00

today's open has such a large gap to Friday close, that early price action could see the market move down on open :- 21 to 42 points.

Resistance 4270-75

SPI Weekly and Daily cycles.

Early resistance around the channel highs and spiral filter @ 4270-75

Completing the 21-point reversal, without completing the 42 point reversal.

As per Weekly report…

Trend bias remains stable within the 4th quarter, with a possible continuation upwards over the coming weeks.

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Stock, Forex, Commodities, Futures 10th December 2011 Weekly Reports

2011-12-09T17:07:00.000-08:00

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S&P 500 e-mini 9th December 2011 Daily recap

2011-12-09T13:15:00.000-08:00

The red filter @ 1229.50 could form support @ 7pm and push markets upwards

5-day 50% level & Weekly level 1246-1249 resistance early in the day, but Random resistance if price is rising up from precise Friday lows.

S&P Weekly and Daily Range…

Early move down into 7pm (Sydney Time) saw price swing back upwards from the red filter @ 1229.50 (8.5 points) towards the resistance levels. (Channel lows 1246 & Weekly level @ 1249)

1246/49 formed resistance early in the day…for a number of hours(another 8.5 points)

but as time wore on, Friday’s resistance levels failed to hold, as positive news came out in regards to the Euro zone.

Weekly Report out later.

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SPI futures Australian Stock Market 9th December 2011 Daily recap

2011-12-08T21:27:00.000-08:00

4209-11 is seen as support and the trend guide on whether there Friday consolidates for most of the day (ABOVE SUPPORT) 21 point ranges, but below Friday’s lows 4230-52

If below 4209 then the trend bias is down towards the December 50% level @ 4134

SPI Weekly and Daily cycles.

Early rise up from 4211 (spiral filter low) 21 points, but because of Friday’s lows, along with a breakout in US markets, there is an expectation that there would be further weakness in global markets in the short-term.

The Continuation down towards the December 50% level @ 4134 will depend on how US markets react to their own Friday 5-day low random support pattern.

Weekly report out tomorrow

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S&P 500 e-mini futures 8th December 2011 Daily recap

2011-12-08T13:19:00.000-08:00

Trend bias is upwards…

Random resistance Thursday’s highs (8.5 points)

S&P Weekly and Daily cycles

Continuation up towards the Daily highs from the 50% level.

Thursday’s highs formed resistance 8.5 points..

But then continue down, breaking out of the 5-day range @ 1245

“5-day range tightening up, which would lead to a breakout” Wednesday's report

Current expectation is that the break and extend from Thursday will continue towards Friday’s lows, and the Weekly 50% level.

Unless some major development is announced on Friday in regards to the Euro zone, that could see tomorrow close higher.

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SPI Daily 8th December 2011 Daily recap

2011-12-07T21:31:00.001-08:00

A move down from 4307, and we
are looking for the 42 point range to close lower (4282)...

if that is the case then 4288 become the trend guide and
whether there is further weakness into the close..

SPI Weekly and Daily cycles

The SPI is trading below the Weekly level @ 4319,
therefore there is a bias to move lower….

Helped by the daily filter @ 4307 (21 to 42 points)

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S&P 500 e-mini Futures 7th December 2011 Daily Recap

2011-12-07T13:07:00.000-08:00

Trend bias is UP, as long as it's above the blue channel highs @ 1261

Random support channel lows @ 1246.50

S&P Weekly and Daily cycles

Another consolidating trading day between the daily channels…

Whilst remaining above the Weekly level @ 1249.50

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Australian Stock Market 7th December 2011 Daily Recap

2011-12-06T21:35:00.000-08:00

Resistance 4323

Trend bias is to down 21 to 42 points (towards 4275)

SPI Weekly and Daily cycles

4232 provided resistance (21 points)….

Without completing the 42 point range.

Weekly level @ 4319 continues to be the trend guide, whilst US markets continue to trade above their own.

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S&P 500 E-mini Futures 6th December 2011 Daily Recap

2011-12-06T13:37:00.000-08:00

Weekly level @ 1249.50 is the trend guides

Blue channels and red filter are the trend guides on any weakness

channel lows @ 1242 are random support (8.5 points)....

S&P Weekly and Daily cycles

Monday’s lower daily close and further weakness during Globex hours, and my view was that Tuesday would continue down towards 1242 (Random support)…

And possibly lower , as part of a 2-day reversal pattern.

Instead Tuesday ended up being a 2nd day ‘stall pattern’ (choppy), as the Weekly level continued to support the current upward trend.

Weekly level @ 1249.50 continues to remain the trend guide for this week.

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SPI Daily Australian Stock Market 6th December 2011 Daily recap

2011-12-05T21:11:00.000-08:00

Below 4319-29 and the trend bias is down, as part of a 2-day reversal pattern.

First target is 4280 and as low as 4262 (84 points down from yesterday’s highs)

SPI Weekly and Daily cycles

Below the Weekly level @ 4319, and the market completes the 84 point range @ 4262.

As part of a 2-day reversal pattern, and which US markets could follow....

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S&P 500 E-mini Futures 5th December 2011 Daily recap

2011-12-05T12:52:00.000-08:00

Above the Weekly levels, the trend bias is UP

Trade on the side of the blue/red filters...

Each way bet on Monday's directionS&P Weekly and Daily cycles

Early move upwards on Monday (14 points precisely), but a failure to continue towards Monday’s highs.

Weekly level is still the trend guide….

And if below, Tuesday’s is seen as part of a 2nd day reversal….

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Australian Stock Market SPI Futures 5th December 2011 Recap

2011-12-04T21:17:00.000-08:00

Below 4319 and my view is that this week will begin with a 2-day reversal

If above 4319, random resistance@ 4337

SPI Weekly and Daily cycles.

My view was that the SPI move lower today.

However, the S&P 500 opened above its own Weekly level @ 1249.50, and proceeded to push higher during Sunday's trading hours...

And the SPI followed, moving towards 4337 & stalling,

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Index, Stocks, Forex, Commodities 3rd December 2011 Weekly Reports.

2011-12-02T15:41:00.001-08:00

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S&P 500 E-mini Futures 2nd December 2011 Daily recap

2011-12-02T14:32:00.000-08:00

The red filter @ 1243.75 is the guide.

Above and Friday's highs are seen as random resistance zones (8.5 to 14 points)..

S&P Weekly and Daily cycles

Friday continued higher, hitting the daily highs @ 1262.50 and reversing down 14 points…

With further weakness into the close...

and expectation that next week will continue with a 2-day reversal pattern.

Weekly report out later

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Australian Stock Market SPI futures nd december 2011 Daily recap

2011-12-01T21:54:00.000-08:00

Current price action looks like it will move towards a higher Weekly close :-

Trend guide 4235 :- Weekly highs target:- 4321

Random resistance Friday's highs @ 4303

SPI Weekly and Daily cycles

Thursday's daily close above the Weekly 50% level, help set-up a continuation for a higher Weekly close (Friday).

4235 formed support, and the trend continued towards Friday's highs @ 4303.

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S&P 500 e-mini 2nd December 2011 Daily recap

2011-12-01T13:43:00.000-08:00

Trend guide 1248.50

Look for short-term weakness towards yesterday’s red filter level @ 1226

Resistance Weekly highs

S&P Weekly and Daily cycles

1248.50 formed resistance, but it only lasted 12 points….

Friday's trading will be based on whether the market closes near the Weekly 50% level...

or whether it extends upwards, and then follows a 2nd Weekly high pattern next week (1274.50)

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Australian Stock Market SPi futures 1st December 2011 Recap

2011-11-30T21:14:00.000-08:00

Resistance 4261

I would normally look for the market to fade the open and close that gap, or at least @ 4223 (Weekly 50% level):- 42 points.

Weekly 50% level random support.

SPI Weekly and Daily range…
Early fade down from 4261 into the Weekly 50% level @ 4223.

As we have seen everyday this week, 42 point reversals attract buyers around the spiral lows, and today wasn’t any different.

With the Weekly 50% level @ 4223 providing the platform for the market to move upwards before settling into the close

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S&P 500 E-mini Futures 30th November 2011 daily recap.

2011-11-30T13:41:00.000-08:00

1 more UP day, as part of a 3-day rise?

Support 1182

Any support is seen as part of a 3rd day rise.

S&P Weekly and daily cycles

3rd day rise on the back of news coming out of the euro zone regarding funding from central banks.

The length of the UP move isn’t surprising, once is moved above the Daily highs and also the November 50% level @ 1206.

The surprising bit was the lack of intra-day 8.5 point reversals patterns, especially around the Weekly 50% level @ 1221.25

Trend bias is to continue towards the Weekly highs:- 1253-56

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Australian Stock Market SPI futures 30th November 2011 Daily recap

2011-11-29T21:29:00.000-08:00

Today's trading is based on Wednesday is the 3rd UP day in a counter-trend move until the start of December.

During those past 2-days there has seen early weakness, but then the market moves higher after completing the 42-point low.

If that's the case the SPI needs to come down into 4093, and then 4099 becomes the Trend guide

SPI Weekly and Daily cycles

Early weakness, & once again the market completes the 42-point spiral low and then continues higher, as 4099 forms support....

sending the SPI higher on the 3rd day, aligning with the start of December and the new monthly 50% level.

The market remains below Weekly resistance levels @ 4125....

and tomorrow's monthly 50% level will be the trend guide.

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S&P 500 E-mini 29th November 2011 Daily Recap

2011-11-29T13:26:00.000-08:00

Trend guide the Weekly level @ 1189

Random resistance Tuesday’s highs @ 1202-1206

Support channel lows @ 1175

S&P Weekly and Daily cycles

After yesterday’s retest of the previous Weekly lows @ 1196…

Today’s trading was based on whether the trend would continuation lower…

Or whether Tuesday was the 2nd day of a 3-day up move into the start of December.

As we can see Tuesday didn’t continue lower, but remained within the daily range after testing the November 50% level (8.5 to 14 points)

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Australian Stock Market SPI Daily 29th November 2011 Daily Recap

2011-11-28T21:34:00.000-08:00

The SPI has retested last week's breakout and stalled at the Weekly level @ 4125

The rest of this week is based on whether the trend continues down towards this week's lows, or whether Monday was the first day, as part of a 3-day counter-trend move upwards.

Trend guide 4074
SPI Weekly and Daily range..

Early weakness on the SPI, as part of the Weekly levels acting as resistance.

This saw price move down 42 points from open, where buying support came into the market.
Once price moved back above 4074, the market proceeded to close higher...

And the trend is now following a 3-day counter-trend move upwards, that could see price move back towards the November 50% level @ 4164...

And Weekly 50% level later this week...

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S&P 500 E-mini 28th December 2011 Daily recap

2011-11-28T13:20:00.000-08:00

Resistance 1189-96 (Weekly levels)

If above 1173 @ 7pm Sydney time, trend bias is up towards the resistance levels (14 points)

S&P Weekly and Daily cycles

Rise up from the Daily 50% level and blue channel highs…@ 1173

Market has retested the previous Weekly low breakout @ 1196, and reverse down 8.5 points.

The rest of this week is now based on the Weekly level @ 1189.

This could result in more weakness, as part of retesting last week's breakout @ 1196 and moving towards this week’s lows @ 1128

Or this week is part of a 3-day counter-trend move upwards, as part of a swing back towards the new monthly 50% levels in December.

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Australian Stock Market SPI Futures 28th November 2011 Daily recap

2011-11-27T21:24:00.000-08:00

This week's trading is based on whether the market continues with the Weekly break and extend pattern down into this week's lows @ 3919

or whether the market begins with a 3-day up move up towards the Weekly breakout @ 4102-4125

Trend guide 3996 (resistance 4949 50% level)

SPI Weekly and Daily

Market opened much higher and is in the process of following a 3-day reversal pattern up towards the Weekly levels @ 4125.

My resistance level intra-day @ 4049 failed to hold…

Instead it continued to move towards the channel high @ 4074 before the market stalled, reversing down 42 points.

As the market currently remains above the Daily 50% level, the trend bias is up for 3-days to at least 4125 or more, as part of a rotation towards the December 50% level starting this week.

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Index, Stocks, Commodities, & Forex 26th Nov 2011 Weekly Reports

2011-11-25T14:49:00.001-08:00

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S&P 500 e-mini Futures 25th November Daily recap

2011-11-25T13:38:00.000-08:00

Trend bias is down…..

5-day 50% level and blue channel lows @ 1169/72 resistance

S&P Weekly and Daily

Picture tells the story, as the channel lows @ 1169 provided resistance….

Sending the S&P back towards the daily lows.

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Australian Stock Market SPI futures 25th Nov 2011 Daily recap

2011-11-24T22:22:00.000-08:00

Today's trading is based on whether the trend continues with the Weekly breakout and moves down into Friday's lows…

or whether Friday swings back towards the Weekly low breakout @ 4102

Trend guide 4048..

SPI Weekly and Daily

Market remained below 4048 and continued with the downtrend....

As price moved down into Friday’s lows (4016) and beyond..

As part of the Weekly breakout pattern from 4102 towards the November lows.

Weekly report out tomorrow.

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