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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
Good Morning,
The SPI200 December 09 contract traded higher through the establishing development yesterday, triggering an initiating buy tail at 4665 and extending to the high side of the development.
Overnight the market rotated lower off the initial phase triggering a responsive buy tail at 4660, to then rotate through the range to set a new session high 4710.
The market has closed unable to distribute out of the current development high, although the lack of a responsive sell tail at the highs overnight, indicates potential for further upside today.
Key resistance is at 4711, then 4724 and 4746. Key support is initially at 4702/00, the current point of control 4683 and 4662.
Resistance levels, 4711, 4718, 4724, 4746, 4762, 4771, 4784, 4790, 4804
Support levels 4702/00, 4689, 4683, 4671, 4665, 4660, 4656, 4643, 4626
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4578 to 4686
Overnight Session 4667 to 4693.
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 higher through the establishing development yesterday, triggering an initiating buy tail at 4665 and extending to the high side of the development.
Overnight the market rotated lower off the initial phase triggering a responsive buy tail at 4660, to then rotate through the range to set a new session high 4710.
The market has closed unable to distribute out of the current development high, although the lack of a responsive sell tail at the highs overnight, indicates potential for further upside today.
Key resistance is at 4711, then 4724 and 4746. Key support is initially at 4702/00, the current point of control 4683 and 4662.
Resistance levels, 4711, 4718, 4724, 4746, 4762, 4771, 4784, 4790, 4804
Support levels 4702/00, 4689, 4683, 4671, 4665, 4660, 4656, 4643, 4626
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4578 to 4686
Overnight Session 4667 to 4693.
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 continued the extension higher yesterday, making a distributive break through the development high and extending higher through the course of the session.
Overnight the market continued the distribution higher, moving back to the development range that featured through November 09, 4746 to 4784.
Key resistance is now at 4779/84, a break of this prior development high opens to levels at 4814 and 4833. Key support is at 4762/59 prior development low 4746 and 4784
Resistance levels, 4779/84, 4790, 4804, 4812, 4833, 4844, 4850, 4863, 4868
Support levels 4771, 4762/59, 4746, 4733, 4727, 4718, 4711, 4702/00
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4672 to 4709
Overnight Session 4743 to 4776.
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 continued the extension higher yesterday, making a distributive break through the development high and extending higher through the course of the session.
Overnight the market continued the distribution higher, moving back to the development range that featured through November 09, 4746 to 4784.
Key resistance is now at 4779/84, a break of this prior development high opens to levels at 4814 and 4833. Key support is at 4762/59 prior development low 4746 and 4784
Resistance levels, 4779/84, 4790, 4804, 4812, 4833, 4844, 4850, 4863, 4868
Support levels 4771, 4762/59, 4746, 4733, 4727, 4718, 4711, 4702/00
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4672 to 4709
Overnight Session 4743 to 4776.
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 higher in the initial balance phase yesterday, triggering a responsive sell tail at 4795, that rejected the break, and rotated the market lower into the prior 4746 to 4784 development.
Overnight the market continued to trade within the development. Another attempt to distribute to the upside triggered a responsive sell tail at 4794, and the market rotated lower into the session close.
The market has taken a development and balanced stance. Initial resistance is at 4779/84, with key resistance at 4794/95. A break here opens potential for a continuation of the distribution higher and market imbalance. Key support is initially at 4762. A break here opens potential for a rotation back to 4746. A break of 4746 opens potential for a distributive break to the low side.
Resistance levels, 4779/84, 4794/95, 4804, 4812, 4833, 4844, 4850, 4863, 4868
Support levels 4771, 4762/59, 4746, 4733, 4727, 4718, 4711, 4702/00
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4751 to 4786
Overnight Session 4764 to 4780.
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 higher in the initial balance phase yesterday, triggering a responsive sell tail at 4795, that rejected the break, and rotated the market lower into the prior 4746 to 4784 development.
Overnight the market continued to trade within the development. Another attempt to distribute to the upside triggered a responsive sell tail at 4794, and the market rotated lower into the session close.
The market has taken a development and balanced stance. Initial resistance is at 4779/84, with key resistance at 4794/95. A break here opens potential for a continuation of the distribution higher and market imbalance. Key support is initially at 4762. A break here opens potential for a rotation back to 4746. A break of 4746 opens potential for a distributive break to the low side.
Resistance levels, 4779/84, 4794/95, 4804, 4812, 4833, 4844, 4850, 4863, 4868
Support levels 4771, 4762/59, 4746, 4733, 4727, 4718, 4711, 4702/00
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4751 to 4786
Overnight Session 4764 to 4780.
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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:topic With all the interest in trading you may not have had time and have not noticed that a forum competition is taking place at The Bull. Less than one week left and ASF needs to step up a gear to avoid slipping backwards again. Voting is at http://www.thebull.com.au/the_stockies_list.php?c=Forums :thankyou:
Hi acouch ,was just wondering is your line in the sand made from your chart or is it a mathamatical calculation ,understand if dont want to divulge .
I have a similar lis which sometimes is exactly same as yours but then is out 5 points or sometimes more, then all of a sudden is same again.
Thanx for continuing your charts, are still helpful ,i am gradually getting the hang of this game , Nathan
I have a similar lis which sometimes is exactly same as yours but then is out 5 points or sometimes more, then all of a sudden is same again.
Thanx for continuing your charts, are still helpful ,i am gradually getting the hang of this game , Nathan
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Good Morning,
The SPI200 December 09 contract resumed the distribution lower on the open yesterday, to trigger an initiating sell tail at 4699, that extended the break to session low 4656. Responsive buying entered the market to close the session at 4673.
In the overnight session the distribution lower continued. A rejecting responsive buy tail trigger at 4632 rotated the market higher. Responsive selling at 4691 capped the advance with the market closing at 4674.
The market has temporarily rejected the distribution lower with the responsive buy tail at 4632, and has taken a development and balanced stance through the remainder of the session. Key resistance is at 4683 and 4700. Key support is at current point of control 4665, 4556/51. A Break here opens potential for a continuation of the distribution lower.
Resistance: 4683, 4691, 4700/02, 4711, 4720, 4727, 4746, 4762
Support: 4671, 4665, 4656, 4651, 4640, 4632, 4617, 4605, 4596
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4686 to 4752
Overnight Session 4650 to 4680.
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 resumed the distribution lower on the open yesterday, to trigger an initiating sell tail at 4699, that extended the break to session low 4656. Responsive buying entered the market to close the session at 4673.
In the overnight session the distribution lower continued. A rejecting responsive buy tail trigger at 4632 rotated the market higher. Responsive selling at 4691 capped the advance with the market closing at 4674.
The market has temporarily rejected the distribution lower with the responsive buy tail at 4632, and has taken a development and balanced stance through the remainder of the session. Key resistance is at 4683 and 4700. Key support is at current point of control 4665, 4556/51. A Break here opens potential for a continuation of the distribution lower.
Resistance: 4683, 4691, 4700/02, 4711, 4720, 4727, 4746, 4762
Support: 4671, 4665, 4656, 4651, 4640, 4632, 4617, 4605, 4596
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4686 to 4752
Overnight Session 4650 to 4680.
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 triggered a responsive sell tail at 4703 yesterday in the opening phase and rotated lower. The market maintained the development and balanced stance through the session following responsive buying off the session low 4657.
In the overnight session the market initially continued to develop, to then trigger an initiating sell tail at 4660, which extended the market lower and shifting to a distributive and imbalanced stance.
The market has switched back to a development stance through the morning session after the distributive break. The lack of a rejecting responsive buy tail off the session lows, and double development to the downside overnight, indicate potential for a continuation of the distribution lower and imbalance today.
Key resistance is at 4640, then 4660, and 4683. Key support is at 4606 a break here opens potential for a continuation of the distributive break with key support at 4581 and 4556/51.
Resistance: 4617, 4632, 4640, 4660, 4665, 4671, 4683, 4691, 4700/02
Support: 4606, 4596, 4587, 4581, 4569, 4563, 4556/51, 4541, 4529
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4655 to 4685
Overnight Session 4620 to 4668.
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 triggered a responsive sell tail at 4703 yesterday in the opening phase and rotated lower. The market maintained the development and balanced stance through the session following responsive buying off the session low 4657.
In the overnight session the market initially continued to develop, to then trigger an initiating sell tail at 4660, which extended the market lower and shifting to a distributive and imbalanced stance.
The market has switched back to a development stance through the morning session after the distributive break. The lack of a rejecting responsive buy tail off the session lows, and double development to the downside overnight, indicate potential for a continuation of the distribution lower and imbalance today.
Key resistance is at 4640, then 4660, and 4683. Key support is at 4606 a break here opens potential for a continuation of the distributive break with key support at 4581 and 4556/51.
Resistance: 4617, 4632, 4640, 4660, 4665, 4671, 4683, 4691, 4700/02
Support: 4606, 4596, 4587, 4581, 4569, 4563, 4556/51, 4541, 4529
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4655 to 4685
Overnight Session 4620 to 4668.
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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