Trading The SPI - NON-Gann Techniques

[GMS]

Good Morning,

The June 09 SPI rejected the advance back above the 4004 point of control yesterday, trading back to support 3955. An initiating sell tail triggered at 3949 late in the session, where responsive buying rejected the break lower. Last night the market continued to trade within the previous value area 3964 to 4002. A mid morning break at 3960 took the market to session lows. There was two way action into the close although the market has closed at session lows.

The market has broken the development low at 3955 and is distributing looking to establish a new development. The market is therefore imbalanced. A double development overnight indicates the market is leaning lower.

Key resistance is at 3949, 3955, 3968 and 3998. Looking at the daily profile for June the market has a POC range 3944 to 3969, where the market broke up from development highs at 3895 to 3902, so key support is 3895 to 3902 and 3881.

The previous session value area was 3964 to 4002 and is currently 3942 to 3983.

Resistance levels 3933, 3949, 3955, 3960, 3968, 3980, 3986, 3998.
Support levels 3912, 3900, 3895, 3881, 3868, 3846, 3836

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.

 

[GMS]

Good Morning,

The SPI Sept 09 contract continued to distribute lower yesterday in a volatile and imbalanced session. Overnight the market initiated another sell to trigger a responsive buy tail starting at 3833. Responsive buying rejected the break here and two way action featured the remainder of the session.

The market has made a small development overnight around the current value area 3848 to 3870, indicating some balance has re-entered the market. The current point of control is 3863, and we look now for either continuation and balance at this development or a break off the 3863 point of control, and new distribution. Key resistance at 3910 and key support 3838 and 3767.

The previous session value area was 3870 to 3946.

Resistance levels 3870, 3883, 3897, 3910, 3919, 3925, 3941, 3968
Support levels 3863, 3849, 3838, 3816, 3797, 3767

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.

 

[GMS]

Good Morning,

The SPI Sept 09 contract continued to trade around the development established late in the prior session yesterday. Overnight the market initially traded to the low side of the development and advanced to trade the upside in the morning session.

The market has closed at the development high and is balanced, with the previous session value area 3849 to 3870, slightly changed today 3849 to 3878. The double distribution overnight and close at highs indicates the market has potential to trade higher today and distribute out of the development (imbalance). Key resistance is at 3903 and 3925, with key support at 3881, the beginning of the responsive sell tail that rejected the advance yesterday, previous POC 3863, current session POC 3849 and 3833.

Resistance levels 3897, 3903, 3919, 3925, 3941, 3959, 3968
Support levels 3881, 3870, 3863, 3849, 3838, 3830, 3816

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.

 

[GMS]

Good Morning,

The SPI200 Sept 09 contract has continued to trade within the current development 3842 to 3902, and rejected advances again at both these levels, on Friday night. The market remains balanced and as it moves towards efficiency in this development remain mindful of a break that will start something new. Key support is at 3842, 3833, and 3796. Key resistance 3868, 3881, 3902 and 3925.

The previous session value area was 3857 to 3888 and is currently 3863 to 3889.


Resistance levels 3868, 3881, 3897, 3903,3919, 3925, 3941, 3959
Support levels 3863, 3855, 3849, 3833, 3821, 3800, 3796


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.

 

[GMS]

Good Morning,


The SPI Sept 09 contract has initiated a sell tail and extension overnight to break the established development of recent sessions.

Key support is at previous development lows 3796 and 3760/55, 3741 and 3719. Key resistance at 3833, 3842 the previous development low, 3863 and 3881. The night session has featured imbalance and distribution. There has been some development late in the session testing the market from 3800 to 3815, although its early days.

The previous session value area was 3869 to 3894, and is currently 3810 to 3864

Resistance levels 3808, 3816, 3821, 3833, 3842, 3855, 3863, 3885, 3905
Support levels 3795, 3787, 3768, 3748, 3741, 3734, 3719, 3712


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.

 

[GMS]

Good Morning,

The SPI200 Sept 09 contract broke the key development low at 3796 yesterday, to continue the sell extension lower. Overnight the market has traded to a low of 3722, just shy of the 3719 support.

The development has begun to emerge in the market overnight, following the distribution lower. Key resistance is at previous development high 3768 on 29/5, 3796 and 3815. Key support at 3741, 3734, and 3719.

Resistance levels 3763, 3768, 3776, 3796, 3815, 3821, 3833
Support levels 3748, 3741, 3735, 3719, 3712, 3700, 3691, 3680

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.

 

[GMS]

Good Morning,

The SPI200 Sept 09 contract, yesterday continued the trading development from the previous session. A late break at 3789 triggered a responsive sell tail, rejecting the advance and taking the market back near the point of control 3767 into the close. Last night the market attempted another break off the 3767 POC, initiating a buy tail off 3783. The market extended back into the development 3800 to 3815 on 23/6, where it was unable to hold and close back at 3791.

Key resistance for today is 3800, development high 3815 and 3846 the start of the sell tail that took the market lower on 22/6. Key support at 3783, 3767 previous POC, 3756 and 3719.

The previous session value area was 3742 to 3775 and is currently 3773 to 3804.

Resistance levels 3800, 3806, 3815, 3833, 3846, 3855
Support levels 3787, 3783, 3768, 3756, 3741, 3719

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.

 

[Joolean]

Ac, how do you handle your median lines at rollover?

E.g. The Sep contract traded at a 30 point discount to the June contract at rollover. Do you adjust all your existing lines by 30 points for the Sep contract or just start over again?

Cheers,
Julian.

 

[acouch]

Ac, how do you handle your median lines at rollover?

E.g. The Sep contract traded at a 30 point discount to the June contract at rollover. Do you adjust all your existing lines by 30 points for the Sep contract or just start over again?

Cheers,
Julian.

hi Julian,

I create a brand new chart for each contract..
they do not roll over..
so September contract is only September..has nothing to do with June..

hope this is of some help
ac

 

[Joolean]

hi Julian,

I create a brand new chart for each contract..
they do not roll over..
so September contract is only September..has nothing to do with June..

hope this is of some help
ac

Thanks ac.
It's my first rollover and I wasn't sure if there was any correlation between the old June levels and the new contract.
I couldn't see any reason for there to be but just checking.

Cheers,
Jules.

 

[acouch]

Thanks ac.
It's my first rollover and I wasn't sure if there was any correlation between the old June levels and the new contract.
I couldn't see any reason for there to be but just checking.

Cheers,
Jules.

but the forward contract will often track the current one..so in a way there is some correlation between the two..
ac

 

[GMS]

Good Morning,

The SPI Sept 09 contract broke through key development high 3815 yesterday, and has continued to distribute higher overnight. Key resistance is at 3863 and 3881 the previous point of control where the market broke out of the established development on 23/6. Key support 3846 previous development low, 3833 and 3815.

The market has made a double distribution higher overnight, indicating potential towards the upside. The market was distributing into the close as opposed to developing, and is therefore imbalanced.

Resistance levels 3863, 3881, 3905, 3919, 3925, 3941
Support levels 3855, 3849, 3833, 3815, 3800, 3787

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.

 

[GMS]

Good Morning,

On Friday night the SPI Sept. 09 contract continued to trade within the development established in the day session. The development is similar to developments in a range 3854 to 3902 on 18/6, 19/6 and 22/6 prior to the break lower on 22/6. The market closed balanced.

Key resistance is at 3891, 3902, 3920 and previous development low 3955. Key support at 3863, 3855, 3833 and 3815. The close at 3880 is at the point of control, which was the POC on 19/6 and 22/6, and from where the market made the break lower on 22/6. Looking for a move off this level for guide to the next distributive move.

The previous session values area was 3819 to 3876 and is currently 3870 to 3884.

Resistance levels 3885, 3891, 3906, 3919, 3925, 3941, 3955
Support levels 3880, 3863, 3855, 3846, 3833, 3815, 3806

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.

 

[Joolean]

Ac, are you not publishing your levels anymore?

 

[acouch]

Ac, are you not publishing your levels anymore?

Hi Joolean,

I don't think that many are that interested,as there is no imput
and it takes time to set up each day,
so i havn't bothered.
enjoy your day, and good trades joolean
ac

 

[Bronte]

We are / were interested a :couch lol
& wish to thank you for your past input

 

[GMS]

Good Morning,

The SPI Sept 09 contract traded within the previous 3855 to 3902 development yesterday. A responsive sell tail at 3897 and responsive buy tail at 3853 rejected breaks either side of the range. Overnight the market opened near the development low, before trading up into the development. A break at the 3880 point of control spurned the market higher to be capped again at 3902. Two way action took the market into the close at 3893.

The market has closed within the 3855 to 3902 development and remains balanced. The initiating buy tail off 3880 and double distribution to the upside indicates the market is leaning higher this morning. Key resistance is development high 3902, 3925, previous development low 3942, and 3958. Key support at POC 3880, 3863, 3855 and 3833.

The previous session value area was 3865 to 3886 and is currently 3862 to 3893.

Resistance levels 3898, 3922, 3919, 3925, 3931, 3942, 3955, 3958, 3972
Support levels 3880, 3872, 3863, 3855, 3846, 3833, 3815, 3806

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.

 

[skc]

Hi Joolean,

I don't think that many are that interested,as there is no imput
and it takes time to set up each day,
so i havn't bothered.
enjoy your day, and good trades joolean
ac

I think more people were interested than you realise mr sofa.

Appreciate your effort in the past, whether you decide to resume or not.

 

[Joolean]

Doh! I understand though, this forum has been dead quiet for a while now.
You've put in a huge effort ac posting since Sep 07!!
Wish you'd continue but regardless, thanks for posting such a huge wealth of examples to study.

 

[Largesse]

anyone for window dressing?