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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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Good Morning,
The SPI200 December 09 contract traded a balanced session Friday, with rejecting responsive trades either side of the initial balance range 4629 to 4666.
On Friday night the market opened to a responsive sell tail trigger at 4618, that rotated the market lower. An initiating sell tail trigger at 4555 saw the market extend the distribution lower. A responsive buy tail at 4486, rejected the break lower and the market rotated higher into the close.
The market has resumed the distribution lower and remains imbalanced.
Key support is at 4496, 4486, 4475, 4455 and 4442. Key resistance is at 4509, 4530, 4541, 4555 and 4564/68.
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 traded a balanced session Friday, with rejecting responsive trades either side of the initial balance range 4629 to 4666.
On Friday night the market opened to a responsive sell tail trigger at 4618, that rotated the market lower. An initiating sell tail trigger at 4555 saw the market extend the distribution lower. A responsive buy tail at 4486, rejected the break lower and the market rotated higher into the close.
The market has resumed the distribution lower and remains imbalanced.
Key support is at 4496, 4486, 4475, 4455 and 4442. Key resistance is at 4509, 4530, 4541, 4555 and 4564/68.
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 rotated lower on the open yesterday triggering a responsive buy tail at 4518. Rotation off this level took the market higher through the remainder of the session, with development and balance.
In the overnight session the market continued to develop within the prior session range.
Key resistance is at 4587, and 4604, a break of which opens potential for a rotation to 4669, with resistance levels at 4617/23, 4640/43 and 4669. Key support is at 4563, a break opens potential for rotation to initially 4549 and deeper 4486.
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 rotated lower on the open yesterday triggering a responsive buy tail at 4518. Rotation off this level took the market higher through the remainder of the session, with development and balance.
In the overnight session the market continued to develop within the prior session range.
Key resistance is at 4587, and 4604, a break of which opens potential for a rotation to 4669, with resistance levels at 4617/23, 4640/43 and 4669. Key support is at 4563, a break opens potential for rotation to initially 4549 and deeper 4486.
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 traded a balanced session yesterday, rotating off key support and resistance levels. Overnight the market rotated higher off the previous session point of control 4528, extending to resistance at 4579 where responsive selling capped the break and the market rotated back inside the development for the remainder of the session.
Initial resistance is at 4548, a break of which opens potential for rotation back to 4579, then 4602. Key support is initially at 4528, then 4512, a break of which opens potential for a rotation back to 4486/80 then 4453.
Resistance levels 4551, 4556, 4563, 4569, 4579, 4584, 4589, 4602
Support levels 4541, 4529, 4512, 4502, 4496, 4486, 4478, 4463, 4453
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4477 to 4529
Overnight Session 4541 to 4567
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 traded a balanced session yesterday, rotating off key support and resistance levels. Overnight the market rotated higher off the previous session point of control 4528, extending to resistance at 4579 where responsive selling capped the break and the market rotated back inside the development for the remainder of the session.
Initial resistance is at 4548, a break of which opens potential for rotation back to 4579, then 4602. Key support is initially at 4528, then 4512, a break of which opens potential for a rotation back to 4486/80 then 4453.
Resistance levels 4551, 4556, 4563, 4569, 4579, 4584, 4589, 4602
Support levels 4541, 4529, 4512, 4502, 4496, 4486, 4478, 4463, 4453
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4477 to 4529
Overnight Session 4541 to 4567
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 rotated lower off the initial balance phase yesterday, extending through the session to a 4502 low. Overnight the market initially traded in a 4496 to 4532 band before triggering an initiating buy tail at 4532 that extended the market back to the high of the current development 4579.
The market remains within the development range of recent sessions at the close this morning. The double development towards the upside overnight indicates the market now moving to a bullish bias.
Initial resistance is at development high 4579, then 4602, 4620 and prior development low 4640. Key support is initially at current point of control 4564, 4551 and 4532.
Resistance levels 4579, 4584, 4589, 4602, 4620, 4626, 4640, 4669
Support levels 4569, 4564, 4556, 4551, 4541, 4529, 4512, 4502
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4522 to 4563
Overnight Session 4515 to 4565.
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 rotated lower off the initial balance phase yesterday, extending through the session to a 4502 low. Overnight the market initially traded in a 4496 to 4532 band before triggering an initiating buy tail at 4532 that extended the market back to the high of the current development 4579.
The market remains within the development range of recent sessions at the close this morning. The double development towards the upside overnight indicates the market now moving to a bullish bias.
Initial resistance is at development high 4579, then 4602, 4620 and prior development low 4640. Key support is initially at current point of control 4564, 4551 and 4532.
Resistance levels 4579, 4584, 4589, 4602, 4620, 4626, 4640, 4669
Support levels 4569, 4564, 4556, 4551, 4541, 4529, 4512, 4502
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4522 to 4563
Overnight Session 4515 to 4565.
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 initially rotated lower on Friday to 4556. Responsive buying rejected the move and the market rotated higher through development high 4579, extending to trigger an initiating buy tail late in the session at 4596.
On Friday night the market initially continued the extension, to then rotate lower where responsive buying rejected the break at 4551. The market rotated back through the session range to trigger a responsive sell tail at 4617, and closing at 4605
The market has broken to the upside out of the prior sessions development and has a bullish bias. Key resistance is at 4617, previous development low 4640 and 4669. Key support is at the current point of control 4596, a break of which opens potential for rotation to prior development high 4579, and 4556/51 levels where responsive buying featured Friday.
Resistance levels 4617, 4626, 4640, 4657, 4669, 4683, 4691
Support levels 4602, 4596, 4586, 4579, 4569, 4563, 4556/51
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4526 to 4581
Overnight Session 4575 to 4607
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 initially rotated lower on Friday to 4556. Responsive buying rejected the move and the market rotated higher through development high 4579, extending to trigger an initiating buy tail late in the session at 4596.
On Friday night the market initially continued the extension, to then rotate lower where responsive buying rejected the break at 4551. The market rotated back through the session range to trigger a responsive sell tail at 4617, and closing at 4605
The market has broken to the upside out of the prior sessions development and has a bullish bias. Key resistance is at 4617, previous development low 4640 and 4669. Key support is at the current point of control 4596, a break of which opens potential for rotation to prior development high 4579, and 4556/51 levels where responsive buying featured Friday.
Resistance levels 4617, 4626, 4640, 4657, 4669, 4683, 4691
Support levels 4602, 4596, 4586, 4579, 4569, 4563, 4556/51
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4526 to 4581
Overnight Session 4575 to 4607
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 opened to an initiating buy tail yesterday distributing higher through the course of the session. Overnight the market continued the distribution higher triggering another initiating buy tail at 4716 and the market closed near session highs at 4762.
The market is in a distributive (vertical price action) and imbalanced phase. The double distribution to the upside overnight supports the bullish trend. A responsive sell tail was developing into the close this morning, indicating a temporary top maybe in place although it will require confirmation on the reopen.
A rotation lower opens up initial support at 4757/54, and 4727 with key support at 4716. A continuation of the distribution higher opens resistance at key level 4771/4779, 4794, and prior development low 4812.
Resistance levels 4771, 4779, 4786, 4794, 4812, 4818, 4827, 4834
Support levels 4757/54, 4743, 4734, 4727, 4716, 4700, 4689, 4683
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4577 to 4658
Overnight Session 4696 to 4745
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 opened to an initiating buy tail yesterday distributing higher through the course of the session. Overnight the market continued the distribution higher triggering another initiating buy tail at 4716 and the market closed near session highs at 4762.
The market is in a distributive (vertical price action) and imbalanced phase. The double distribution to the upside overnight supports the bullish trend. A responsive sell tail was developing into the close this morning, indicating a temporary top maybe in place although it will require confirmation on the reopen.
A rotation lower opens up initial support at 4757/54, and 4727 with key support at 4716. A continuation of the distribution higher opens resistance at key level 4771/4779, 4794, and prior development low 4812.
Resistance levels 4771, 4779, 4786, 4794, 4812, 4818, 4827, 4834
Support levels 4757/54, 4743, 4734, 4727, 4716, 4700, 4689, 4683
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4577 to 4658
Overnight Session 4696 to 4745
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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