Index, Forex, Stocks, Commodities 11th June 2011 Weekly

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

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OIL Futures:- OIL BOIL

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Gold & Silver Weekly Reports

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Note: Weekly BHP, RIO, TLS, Banking Report Update

http://aussie-stocks.blogspot.com/






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    • Posted by

    SPI Daily 10th June 2011 recap

    Whilst the S&P 500 is below the Weekly lows @ 1286, and looking at the levels in the daily range….

    The market will likely continue lower, and breakout of the daily lows, as part of a trend towards the June lows @ 1259



    S&P Weekly and Daily range

    Friday opened below the Weekly lows @ 1286, therefore it was likely to be pushed downward...

    there were two patterns at play....

    #1) remain within the daily channel @ 1280 and close in the middle of the 5-day range...

    #2) follow the overall Monthly cycle and continue down towards 1259, which will likely be reached next week.


    Posted by

    SPI Daily 10th June 2011 recap

    I've have a trading range between 4564 and 4589 for the first 90 minutes.



    SPI Weekly and Daily range.

    The market moved up from support @ 4561, and moved towards Friday’s upper levels @ 4589 within the space of the first 90 minutes…

    And after that, the market consolidated between the levels for the rest of the day, as the market continues to remain below 4581-87.

    Weekly report out tomorrow




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    • Posted by

    S&P (E-minis) 9th June 2011 Recap

    I would still treat the channel lows and the 50% level as resistance @ 1286-89... as part of a move down towards 1259


    S&P Weekly and daily range

    Reistance failed to hold on Thursday....

    And by the look of the price action that has occured....

    il looks like a possible continuation back towards the Weekly level @ 1301.50 on Friday.

    Trend guide the Weekly lows @ 1286








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    • Posted by

    SPI Daily 9th June 2011 recap

    Today's trading is simply based on trading either side of the Daily and spiral filters @ 4540-42.

    Below and expectation the market is moving down into the Daily and Weekly lows @ 4501/05.

    Above and it’s a random pattern of 42 points.



    SPI Weekly and Daily range.

    My view is that the market is moving lower, and today was following the daily range towards the Daily and Weekly lows @ 4501-05.

    At the start of the day I had the view that 4540/42 would form resistance and the market would move down into those levels and form support.

    However, we had the same pattern as Tuesday, and the market moved up 42 points, but then stalled and consolidated for the rest of the day.








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    • Posted by

    S&P (E-minis) 8th June 2011 Recap

    Whilst the S&P is below the Weekly lows @ 1286, the trend bias is down towards the June lows @ 1259.

    The only thing that could support the market today, are the Weekly lows in the DOW @ 12005 supporting the downtrend.




    S&P Weekly and Daily range.

    The S&P is trading below the Weekly lows @ 1286, and is trying to move towards the June lows@ 1259

    However, the DOW is trading inside it's own Weekly range, and as mentioned in the daily report...the DOW's support @ 12005 (low of the day @ 12005) could support the down trend in the S&P today..

    resulting in a trading range between the Weekly lows @ 1286 and the daily lows.



    Posted by

    SPI Daily 8th June 2011 recap

    Today's trend guide is yesterday's level @ 4551

    if above it is once again moving up towards 4581,

    if below 4551 the trend bias towards Wednesday’s lows @ 4513-20.(random support)



    SPI Weekly and Daily

    Higher daily open moved up towards 4581, but it then reversed down and moved below 4551.

    Further weakness saw the market continue down into Wednesday’s lows @ 4520 (24 hour), finding support.

    Current trend continues to suggests the market is moving down into the June lows @ 4460-62.

    once again that will depend on whether the S&P remains below the Weekly level






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    • Posted by

    S&P (E-minis) 7th June 2011 Reca

    Weekly & Monday's lows @ 1286 is supporting the market, and there could be a lagging 8.5 to 14 point reversal pattern from 1286 that could occur in early trading today




    S&P Weekly and Daily range

    8.5 point rise upwards from 1286, but the S&P struggled to rise higher, failing to reach the resistance zone @ 1298

    Currently the Weekly low is supporting the down trend, but there is a larger timeframe cycle trying to push the S&P down into 1259.










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    • Posted by

    SPI Daily 7th June 2011 recap

    Resistance 4551

    Below the Weekly lows & 4551 the trend bias is to continue down towards Tuesday’s @ 4520, and as far as 4501.



    SPI Weekly and Daily range

    Early resistance @ 4551 for a number of hours…

    However the market didn’t follow the daily range towards Tuesday’s lows, but simply stalled until 14:30 when the Reserve Bank announced there would be no rate rise.

    This saw the market slightly higher, where 4581 provided resistance into the close.

    I still have the view that the SPI is moving towards the June lows @ 4460-62…

    However, any further weakness will be determined by whether the S&P 500 remains below 1301…

    Or whether the Weekly lows in both markets (S&P and SPI) provide enough support for Tuesday to close higher, and the SPI opens around 4619 tomorrow.








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    • Posted by

    S&P (E-minis) 6th June 2011 Recap

    Whilst the S&P is trading below 1301, the trend bias is to move down into the Weekly lows @ 1286 (random support)...with an expectant trend towards the June lows @ 1259



    S&P Weekly and Daily range

    S&P has followed the trend down into the Daily and Weekly lows, without providing an intra-day reversal pattern of 8.5 to 14 points.

    That might happen during globex hours....

    however, if it's below 1286, it's following the June low pattern, as per Weekly report.



    Posted by

    SPI Daily 6th June 2011 recap

    Support 4547/54

    Resistance 4581-86

    I’d be surprised to see the SPI above resistance levels today.



    SPI Weekly and Daily range

    As noted in the Weekly report :- 3rd month 50% level rejection has a bias to continue towards the June lows @ 4460-62.

    However, there were two support levels today using both the Daily and Weekly lows (4547/52), with the expectation that there would be a gap fill to Friday lows.

    Once the gap filled (Friday's lows @ 4575), the rest of the day moved into a sideways consolidation pattern.

    The trend towards the June lows will be determined by whether the S&P 500 breaks it’s own Weekly lows @ 1286, or remains range bound below 1301

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