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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
Good Morning,
Yesterday the market broke off the previous session point of control at 3989 to trade back into the distribution 3949 to 3998. The distribution through the session was eventually 3928 to 3966. Overnight an initiating sell was rejected at 3911, and responsive buying through the latter half of the session has the market trading back into the distribution.
The previous session value area (70% trading activity) was 3945 to 3988, and is currently lower at 3930 to 3958.
The distribution overnight was 3915 to 3966, with the point of control 3948. This is the identical distribution from overnight 1/6 and 2/6, where the market broke higher off the point of control at 3949.
A continuation higher today, sees key resistance at 3989, the point of control that initiated the development lower yesterday, and 4014. Key support is at 3948, 3909, and 3893.
Focus this morning is on the 3948 point of control, and the move off this point, which is a guide to the next development, and distribution. Late in the session the market has moved higher off the level and we now look for a possible continuation of this move.
Resistance levels 3966, 3981, 3990, 3998, 4014 and 4023.
Support levels 3955, 3948, 3931, 3917, 3909, 3893
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
Yesterday the market broke off the previous session point of control at 3989 to trade back into the distribution 3949 to 3998. The distribution through the session was eventually 3928 to 3966. Overnight an initiating sell was rejected at 3911, and responsive buying through the latter half of the session has the market trading back into the distribution.
The previous session value area (70% trading activity) was 3945 to 3988, and is currently lower at 3930 to 3958.
The distribution overnight was 3915 to 3966, with the point of control 3948. This is the identical distribution from overnight 1/6 and 2/6, where the market broke higher off the point of control at 3949.
A continuation higher today, sees key resistance at 3989, the point of control that initiated the development lower yesterday, and 4014. Key support is at 3948, 3909, and 3893.
Focus this morning is on the 3948 point of control, and the move off this point, which is a guide to the next development, and distribution. Late in the session the market has moved higher off the level and we now look for a possible continuation of this move.
Resistance levels 3966, 3981, 3990, 3998, 4014 and 4023.
Support levels 3955, 3948, 3931, 3917, 3909, 3893
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
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Good Morning,
On the open overnight the market broke to an initiating sell tail following the failure to break back above key resistance3949. The market traded to a low of 3901 (3902 the development high on 2/6), where responsive buying rejected the break and two way action through the morning saw the market close at 3940.
A break below the 3902 opens a break to 3893, then 3858 the previous development low. To the upside key resistance is at 3949, then 3955 the previous development low.
The market developed overnight 3905 to 3920, and broke higher off the point of control 3912, to start a new distribution in the latter half of the session. The market goes into the reopen today imbalanced and looking to commence a new development.
Key resistance 3949, 3955, 3964, 3981, 3998, 4014
Key support 3917, 3912, 3902, 3893, 3875, 3858, 3849
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
On the open overnight the market broke to an initiating sell tail following the failure to break back above key resistance3949. The market traded to a low of 3901 (3902 the development high on 2/6), where responsive buying rejected the break and two way action through the morning saw the market close at 3940.
A break below the 3902 opens a break to 3893, then 3858 the previous development low. To the upside key resistance is at 3949, then 3955 the previous development low.
The market developed overnight 3905 to 3920, and broke higher off the point of control 3912, to start a new distribution in the latter half of the session. The market goes into the reopen today imbalanced and looking to commence a new development.
Key resistance 3949, 3955, 3964, 3981, 3998, 4014
Key support 3917, 3912, 3902, 3893, 3875, 3858, 3849
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
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Good Morning,
The June 09 SPI continues to trade within the previous development and remains neutral. The market broke higher off the point of control at 3956 mid way through the session with the market trading to a high of 3980 where responsive selling capped the advance and took the market to 3968 on the close.
The market has had several breaks off the 3955/3956 point of control in recent sessions, only to have the market reject advances either side of a 3901 to 3998 development through June. Once again overnight the break off the point of control 3956 opens up potential this morning for a new distribution higher.
Interestingly the daily chart for June has a developed point of control for the period 3936 to 3968, and we look for breaks off this range as an additional indicator.
The previous session point of control was 3912 to 3966 and is currently 3944 to 3970.
Key resistance 3968, 3981, 3990, 3998, 4014, 4023, 4029, 4041
Key support 3957/56, 3949, 3942, 3936, 3931, 3917, 3901, 3893
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
The June 09 SPI continues to trade within the previous development and remains neutral. The market broke higher off the point of control at 3956 mid way through the session with the market trading to a high of 3980 where responsive selling capped the advance and took the market to 3968 on the close.
The market has had several breaks off the 3955/3956 point of control in recent sessions, only to have the market reject advances either side of a 3901 to 3998 development through June. Once again overnight the break off the point of control 3956 opens up potential this morning for a new distribution higher.
Interestingly the daily chart for June has a developed point of control for the period 3936 to 3968, and we look for breaks off this range as an additional indicator.
The previous session point of control was 3912 to 3966 and is currently 3944 to 3970.
Key resistance 3968, 3981, 3990, 3998, 4014, 4023, 4029, 4041
Key support 3957/56, 3949, 3942, 3936, 3931, 3917, 3901, 3893
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
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Good Morning,
The June 09 SPI broke off the 3956 point of control yesterday, taking the market out of the 3901 – 3998 development of recent sessions, to the commencement of a new development 3998 to 4056.
The market broke off the point of control at 4044 overnight back to key level 3998, where responsive buying rejected the move and the market closed at 4023. The new development 3998 to 4056 is immature, and we may see distributions outside this range today. The 4044 point of control is now key resistance and we look for a break above for continuation of the initiating buy yesterday. Key support is at 4005 and 3998 the previous development high.
The previous session value area (70% of trades) was 3951 to 4005, and is currently 4012 to 4045.
Resistance levels 4030, 4044, 4056, 4061, 4078
Support levels 4014, 4005, 3998, 3990, 3981, 3957
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
The June 09 SPI broke off the 3956 point of control yesterday, taking the market out of the 3901 – 3998 development of recent sessions, to the commencement of a new development 3998 to 4056.
The market broke off the point of control at 4044 overnight back to key level 3998, where responsive buying rejected the move and the market closed at 4023. The new development 3998 to 4056 is immature, and we may see distributions outside this range today. The 4044 point of control is now key resistance and we look for a break above for continuation of the initiating buy yesterday. Key support is at 4005 and 3998 the previous development high.
The previous session value area (70% of trades) was 3951 to 4005, and is currently 4012 to 4045.
Resistance levels 4030, 4044, 4056, 4061, 4078
Support levels 4014, 4005, 3998, 3990, 3981, 3957
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
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Good Morning,
The June 09 SPI continued to trade within the 3998 to 4056 development yesterday with the point of control at 4046. Overnight the market initiated another buy tail off the initial balance range and essentially 4046 POC, to form a new development.
The new development is 4046 to 4091, with a point of control 4069. Looking for a break above 4069 for indication of a continuation of buying extension, with key resistance at 4091, 4098 and 4117. Key support is 4046 and 4028.
Resistance levels 4069, 4078, 4091, 4098, 4117, 4132
Support levels 4056, 4046, 4028, 4014, 4005, 3998
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
The June 09 SPI continued to trade within the 3998 to 4056 development yesterday with the point of control at 4046. Overnight the market initiated another buy tail off the initial balance range and essentially 4046 POC, to form a new development.
The new development is 4046 to 4091, with a point of control 4069. Looking for a break above 4069 for indication of a continuation of buying extension, with key resistance at 4091, 4098 and 4117. Key support is 4046 and 4028.
Resistance levels 4069, 4078, 4091, 4098, 4117, 4132
Support levels 4056, 4046, 4028, 4014, 4005, 3998
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
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Good Morning,
The market has continued to trade within the previous development. The 4046 point of control is now 4044, and a late session move off this level Saturday morning saw the market trade higher into the close.
The 4046 to 4091 development discussed Friday has consolidated 4044 to 4069. Resistance is seen at the point of control through Friday 4069/4070, the development high 4091, 4097 and 4117. Support at the current POC 4044, 4028 and the previous development high 3998.
The previous session value area was 4052 to 4076 and is currently 4038 to 4054.
Resistance levels 4069/70, 4078, 4091, 4097, 4117, 4132
Support level 4056, 4044, 4028, 4014, 4005, 3998, 3981
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
The market has continued to trade within the previous development. The 4046 point of control is now 4044, and a late session move off this level Saturday morning saw the market trade higher into the close.
The 4046 to 4091 development discussed Friday has consolidated 4044 to 4069. Resistance is seen at the point of control through Friday 4069/4070, the development high 4091, 4097 and 4117. Support at the current POC 4044, 4028 and the previous development high 3998.
The previous session value area was 4052 to 4076 and is currently 4038 to 4054.
Resistance levels 4069/70, 4078, 4091, 4097, 4117, 4132
Support level 4056, 4044, 4028, 4014, 4005, 3998, 3981
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
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Good Morning,
The June 09 SPI, broke to an initiating sell tail late yesterday, off 4029, and followed through on the open last night to 4006. Two way action ensued before a second initiating sell tail off 3986 midsession, took the market to session lows. Responsive buying off key support saw the market go out at 3975.
The market has broken from the previous development and distributed back to key support at 3955. The market has created two developments overnight 3986 to 4014 and 3955 to 3981, indicating the market remains unsettled leaning lower.
Key support is now at previous development low 3955. A continuation lower sees key levels at 3931, broader development low 3906, and 3881. Key resistance 3986, previous development high 3998, 4004 the current point of control and 4014.
The previous value area was 4037 to 4054 and is currently 3970 to 4009.
Resistance levels 3986, 3990, 3998, 4004, 4014, 4029
Support levels 3955, 3949, 3933, 3926, 3912, 3906, 3881, 3868
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
The June 09 SPI, broke to an initiating sell tail late yesterday, off 4029, and followed through on the open last night to 4006. Two way action ensued before a second initiating sell tail off 3986 midsession, took the market to session lows. Responsive buying off key support saw the market go out at 3975.
The market has broken from the previous development and distributed back to key support at 3955. The market has created two developments overnight 3986 to 4014 and 3955 to 3981, indicating the market remains unsettled leaning lower.
Key support is now at previous development low 3955. A continuation lower sees key levels at 3931, broader development low 3906, and 3881. Key resistance 3986, previous development high 3998, 4004 the current point of control and 4014.
The previous value area was 4037 to 4054 and is currently 3970 to 4009.
Resistance levels 3986, 3990, 3998, 4004, 4014, 4029
Support levels 3955, 3949, 3933, 3926, 3912, 3906, 3881, 3868
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
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good morning all
today's road map, i have also included
Septembers contract, i have been watching it the
last couple of days,,seems to get the highs /lows
but will keep a beady eye on it in case it needs tweaking ..
as it has to last the 3 months and has to be right..
have a great day and good trades
ac
today's road map, i have also included
Septembers contract, i have been watching it the
last couple of days,,seems to get the highs /lows
but will keep a beady eye on it in case it needs tweaking ..
as it has to last the 3 months and has to be right..
have a great day and good trades
ac
