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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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Good Morning,
The SPI200 Sept 09 contract, traded the Friday day session within the initial balance (first half hour) opening phase, in a balanced session. Responsive buying featured at 4584. On Friday night responsive buying in the opening phase again held the session low at 4584, followed by a rotation higher to 4625 midsession where responsive selling rejected the advance and the market rotated back within the development through the morning session.
Resistance levels 4606, 4612, 4629, 4646, 4653, 4670 and 4697
Support levels 4589, 4584, 4578, 4562/58, 4549, 4540 and 4530
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 SPI200 Sept 09 contract, traded the Friday day session within the initial balance (first half hour) opening phase, in a balanced session. Responsive buying featured at 4584. On Friday night responsive buying in the opening phase again held the session low at 4584, followed by a rotation higher to 4625 midsession where responsive selling rejected the advance and the market rotated back within the development through the morning session.
Resistance levels 4606, 4612, 4629, 4646, 4653, 4670 and 4697
Support levels 4589, 4584, 4578, 4562/58, 4549, 4540 and 4530
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 SPI200 Sept 09 contract triggered an initiating sell tail at 4583, in the opening phase yesterday. The market distributed lower through the session, where responsive buying broke the distribution at 4526. Overnight the market attempted to distribute lower again although responsive buying again rejected the break and the market rotated higher . An initiating buy tail triggered at key level 4540/41 pushing the market higher through the morning session, where a responsive sell tail at 4578 capped the advance.
The market has rotated back to the initiating sell tail trigger 4583 overnight and rejected a break back through. A continuation through this level sees 4606 and 4622. A rotation lower sees support initially at 4552, then key support 4540 and 4509.
Resistance levels 4578, 4583, 4589, 4597, 4606, 4612, 4622 and 4629
Support levels 4562, 4549, 4541/40, 4532, 4526, 4509, 4496 and 4484
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 SPI200 Sept 09 contract triggered an initiating sell tail at 4583, in the opening phase yesterday. The market distributed lower through the session, where responsive buying broke the distribution at 4526. Overnight the market attempted to distribute lower again although responsive buying again rejected the break and the market rotated higher . An initiating buy tail triggered at key level 4540/41 pushing the market higher through the morning session, where a responsive sell tail at 4578 capped the advance.
The market has rotated back to the initiating sell tail trigger 4583 overnight and rejected a break back through. A continuation through this level sees 4606 and 4622. A rotation lower sees support initially at 4552, then key support 4540 and 4509.
Resistance levels 4578, 4583, 4589, 4597, 4606, 4612, 4622 and 4629
Support levels 4562, 4549, 4541/40, 4532, 4526, 4509, 4496 and 4484
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 SPI200 Sept 09 contract again rotated off key resistance in the mid 4580s on the open yesterday, to trade back in the established development through the session. Responsive buying was triggered at 4526 the trigger of the responsive buy tail of the previous session. Overnight a responsive buy tail triggered at 4538, (key level 4540), to have the market rotate off session lows and back into the development. Responsive selling again capping the session at key mid 4580s, to close 4569.
A break above 4583 sees key resistance initially at 4606 and 4622. Key support at 4555, 4540, 4526 and 4509.
Resistance levels 4578, 4583, 4589, 4597, 4606, 4612, 4622 and 4629
Support levels 4566, 4555, 4540, 4526, 4519, 4509, 4502, 4496, 4484 and 4474.
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 SPI200 Sept 09 contract again rotated off key resistance in the mid 4580s on the open yesterday, to trade back in the established development through the session. Responsive buying was triggered at 4526 the trigger of the responsive buy tail of the previous session. Overnight a responsive buy tail triggered at 4538, (key level 4540), to have the market rotate off session lows and back into the development. Responsive selling again capping the session at key mid 4580s, to close 4569.
A break above 4583 sees key resistance initially at 4606 and 4622. Key support at 4555, 4540, 4526 and 4509.
Resistance levels 4578, 4583, 4589, 4597, 4606, 4612, 4622 and 4629
Support levels 4566, 4555, 4540, 4526, 4519, 4509, 4502, 4496, 4484 and 4474.
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 SPI200 December 09 contract distributed through the previous development high on the open yesterday, triggering an initial buy tail at 4601. the market continued to distribute through the session. Overnight the imbalance and distribution higher continued with another initiating buy tail triggered at 4709. The market has developed throughout the morning near session highs.
The development near session highs and no responsive sell tail indicates the market is yet to reject the current price action. A continuation higher sees resistance at 4727/34, previous development low 4757 and 4814. A break of 4709 sees possibility of rotation to 4793, 4670 then 4632.
Resistance levels 4727/34, 4741, 4757, 4772, 4795, 4814, 4826
Support levels 4709, 4696, 4692, 4671, 4664, 4652, 4632, 4619, 4612 and 4601
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 SPI200 December 09 contract distributed through the previous development high on the open yesterday, triggering an initial buy tail at 4601. the market continued to distribute through the session. Overnight the imbalance and distribution higher continued with another initiating buy tail triggered at 4709. The market has developed throughout the morning near session highs.
The development near session highs and no responsive sell tail indicates the market is yet to reject the current price action. A continuation higher sees resistance at 4727/34, previous development low 4757 and 4814. A break of 4709 sees possibility of rotation to 4793, 4670 then 4632.
Resistance levels 4727/34, 4741, 4757, 4772, 4795, 4814, 4826
Support levels 4709, 4696, 4692, 4671, 4664, 4652, 4632, 4619, 4612 and 4601
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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can someone tell me whether we are net long or short on the Sept SPI going into expiry tomorrow?
and what volume was like yesterday and where its at today.
TIA
Anyone noticed ANY kind of selling with the FTSE rebalancing?
We were meant to cop some serious selling....
and what volume was like yesterday and where its at today.
TIA
Anyone noticed ANY kind of selling with the FTSE rebalancing?
We were meant to cop some serious selling....
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general rule is to buy the Wed into expiry, sell the Monday after
congratulations on trying to sound informed whilst not answering the question
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Hi Largesse,
There's no net long/short, all positions are balanced by an opposing position, the september contract stopped trading this morning, the stats can be found here http://www.asx.com.au/sfe/futures_summary.htm
congratulations on trying to sound informed whilst not answering the question
cutz gave you an answer - what does it tell you about your question?
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it tells me that i dont know what im doing hence me asking the question. but i already knew that.
my second point still stands.
my second point still stands.
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there would be net long or short on options over the SPI though?
where can i get this info?
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No,
Options are the same, no net long or short, all positions balanced by an opposing position, what varies though is open interest, i get this info off iress or TWS although it can also be found on brokerage websites or the ASX site if you want to dig around.
I think Largesse you may be thinking of the ratio of puts to calls here's a free site where you can explore the ratios on the US market. http://www.indexindicators.com/charts/sp500-vs-put-call-ratio-total-10d-sma-params-3y-x-x/
BTW most of the index option action happens on the ASX (XJO options), from what i can see SPI options are pretty quiet.
lol - fighting talk!
only trying to help largest, generally things are simpler than they 'need' to be
Ed
If I can put my 2 bobs worth. The big question is who is holding what position. There are 2 traders on the spi, the commercials and everyone else. Weak positions are always held by the majority of retail clients and the commercials are continually looking for ways to trap them on the wrong side. Legalised theft.
I believe the commercials after todays action will be now holding the majority of shorts. Being a fly on the camels back is the best way to take points out the spi on the short term. But you need to know what the Camel is doing.
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