SPI 6th November

8:35am

SPI:-

A break of the 3-week lows of 6572 and expectation is that the market will begin a rotation back down into the November 50% levels @ 6362

Whenever there is a break of the 3-day lows, (Friday) there is a historical expectancy that around 72% of the time since 1999 that the next day will try and rotate upwards, that was the view yesterday. Instead Monday followed the trend down.

Therefore:- there is still the expectation that there can be a rotation upwards today and into tomorrow.

Weekly trends:- Whenever there is a Weekly UP trend often we see every day's low is confirmed with a R44 spiral point. These lows often send the market higher a minimum 44 points and then continue higher the next day, and each day the same thing happens.

Yesterday we saw the opposite, the R44 Spiral point 'high' sent the market down, and trending down. Now if this market is a 'down' weekly trend this week then the R44 Spiral point 'high' @ 6617 is going to be critical, because a rotation down from the Spiral point, and a break of yesterday's lows could send the market down towards the lower pivot.

I wouldn't even think about trying to trade longs below yesterday's low.

A bullish market would and should remain above 6617 and continue to move upwards.

GBP/USD 5th November part2

GBP/USD:-

Start of the trading week and looking for a 2-day reversal, ideally back into the 3-day lows @ 2.067

Report continues below…..

Partial exit @ 90 pip bar completion and let the market run it’s 2-day pattern...

US report 5th November 2007

DOW & ES:-

US markets currently supported around higher timeframes 50%.

Major support has been verified but at this stage the short-term is weak. It’s trading below the 3-day lows and below the 3-week 50% levels.

Friday remained below the Risk levels, and currently Monday is trading below them.

The last time the market rose upwards, actually saw Monday push lower before reversing upwards…

Report continues below.....

This time any push lower in both markets would be towards the lower pivots, whilst price is trading below both Risk levels on Monday…

DOW….13655 & ES-minis1520

SPI 5th November part 3

2:10PM

SPI:-

A bullish market in Australia would have normally seen today rally on Monday at the start of the trading week, but the 3-day lows and break of the weekly 50% level of 6716 is sending the market back down, with a break of thE RECENT weekly lows, and expectation is for the market to rotate back into the November 50% levels @6362

GBD/USD Monday 5th November

GBP/USD

British pound has followed the market dynamics higher into November highs.

The breakout of the previous weekly highs @ 2.055, and the expectation is that the current week will go higher into the end of the trading week.

The start of the new week and weekly dynamic resistance has moved from 2.055 to 2.091.

Around these highs the expectation is that the currency will normally ‘stall-rotate’ back down for 2 days…

On Friday the Pivots supported the market, and on Monday those pivots are back inside the range with matching resistance around 2.092.

Any 2-day reversal has a random length, ideally back down to the lower pivots shown above..

505mins splits the day into 3rds….

Report continues below.....

Looking at half the 505mins, the trailing line has supported the market on this rise, the first confirming tool would be a break and close below 2.0835.

A break would normally continue down 90pips, before any buying support would come in, but hopefully it can remain below the break and begin a rotation back down for the next 2-days into the lower pivots....

SPI Nov 5th Part 2

10:30 am

3-day lows resistance @ 6737 and taking out the weekly 50% level @ 6715, bearish pattern.

This was confirmed with a 44-point reversal from a higher open.....

"Risk is the R44 open @ 6728:- a Bullish set-up would just rise upwards from the open of the R44 completion @ 6728, and hopefully not turn down. Because below 6728 traders need to acknowledge that the market can swing down 44 points from the higher 'spiral point' (premium report 3rd November)

SPI Monday 5th November

7:47am

SPI:- expectation that ‘upside’ gaps will try and fill.

Friday’s trading had an up bias with the expected 3-day lows to act as resistance @ 6737, until US market verified support.

Support was verified in US markets (read US Weekly Report), therefore the expectation is that Gaps will try and fill on the Upside.

Risk 6716 (weekly 50%)