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

Daily cycles suggest move towards Tuesday's highs,(resistance) helped by a 4 hour close above the 5-day 50% level @ 1402

S&P Weekly and Daily cycles

Even though markets are closed, electronic trading still carries on...

Tuesday played out accordingly, rising up from the daily cycle levels @ 1397 & hitting the Tuesdays highs (Resistance)

Interesting pattern on Tuesday, as a Daily close above higher timeframe levels (October 50% level 1407.50 could see further gains on the last day of the month.

Therefore 1407.50 will decide if there's a move upwards or not.
 
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    S&P 500 26th October 2012 Daily recap

    Friday looks like it could rise upwards and retest the Weekly lows @ 1410, which are seen as resistance.

    Trend guide red filter @ 1397

    SPI Monthly & Weekly cycles

    Friday rose upwards & stalled.....

    Weekly report out now.



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    S&P 500 E-mini 23rd October 2012 Daily report

    Even though I think US markets are trying to rise upwards again...

    Tuesday could move back down because of the patterns in the Daily cycles(Blue channels)

    S&P Weekly and Daily cycles

    Tuesday eneded up being a DOWN day, and the way the S&P has broken the Daily lows and is currently trading below the Weekly lows, my view of the S&P 500 remaining in an upward trend is now open to Risk.

    Wednesday's price action could end up being a Fake break, as the October 50% level @ 1407.50 continues to support the trend...

    but at this stage I wouldn't bet on it...

    Daily cycles for tomorrow should provide a better idea.

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    Index, OIL, GOLD, Silver, Forex, Stocks, Futures 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 18th October 2012 daily recap

    Weekly highs:- random resistance of 8.5 to 14 points

    S&P Weekly and Daily cycles

    1459 formed resistance (weekly highs), but it didn't complete the precise 14 point reversal towards the daily 50% level..

    That might still happen in after hours trading before the cash market opens on Friday
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    S&P 500 E-mini Futures 17th October 2012 Daily recap

    Trend bias is UP (above the Weekly 50% level)...

    There is also a breakout of Tuesday's highs which should continue up into Wednesday's highs

    S&P Weekly and Daily cycles

    As mentioned a couple of days ago, the trend bias was to continue higher on Tuesday, which resulted in a breakout of the daily highs...

    This leads to more upside movement within the Daily cycles, helped by the 4 hour close above the daily filter @ 1449.75

    Random Resistance the Weekly highs:- above that and target is the October highs.

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    • Posted by

    S&P 500 E-mini futures 15th October 2012

    US markets look like they will rise upwards and retest the daily 50% levels before the CASH market opens...
    using the red filters in the Daily cycle as trend guides @ 1420

    S&P Weekly & Daily cycles

    As noted in the Weekly Report, October 50% level in the monthly cycles @ 1416.50 had random support...

    Monday was then helped by the price action in the daily cycles @ 1420 sending the S&P upwards before the cash market openned.

    The Daily 50% level then formed resistance, but the Weekly level @ 1422 came into play for more added support.

    my view is that Tuesday will continue to trend upwards
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    • Posted by

    S&P 500 E-mini Futures 11th October 2012 recap

    Daily close below Weekly lows and Daily lows @ 1427 and trend bias is down into Thursday's lows (random Support)
    Daily 50% level random resistance (1-day counter-trend move)

    S&P Weekly and Daily cycles

    My view at the start of the day was to continue lower using 1427 as resistance, and down into Thursday's lows @ 1416

    but instead the 4 hour close above 1427 attracted buying towards the daily 50% level @ 1438

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

    1 day counter-trend move upwards using 1433 as support...

    Daily 50% level and Weekly 50% level is seen as resistance

    S&P Weekly and Daily cycles

    Tuesday completed the 2-day reversal pattern, so there was an expectation that there could be a 1-day upward move to retest the 50% levels

    4 hour support @ 1433 failed to continue up towards those 50% levels, and instead there's a 4 hour close below Wedneasday's lows and also the Weekly lows...

    This is going to put pressure on US markets to fall further in the Short-term....

    short-term target 1407.50
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    • Posted by

    S&P 500 e-mini 9th October 2012 Daily recap

    Tuesday is still part of a 2-day reversal...

    This needs to be confirmed with a 4 hour close below the blue channels in the Daily cycle

    S&P Weekly and Daily cycles

    2nd day reversal confirmed on the 4 hour close below the daily levels @ 1451

    Currently there is Random Daily support on Tuesday's lows @ 1436.25

    The Trend bias now looks like it can continue down into the Weekly lows, unless there is after-hours buying before the cash market opens, and Wednesday's opens back above the Weekly 50% level

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