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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
Good Morning,
The SPI200 March 10 contract rotated lower off the open yesterday, to trigger a rejecting buy tail at 4628. The market rotated back through the range to session high 4697 before rotating back to trade within the development.
The market continued to rotate within the development overnight, triggering a rejecting responsive sell tail at 4670, and triggered a rejecting responsive buy tail at 4622 to close at 4626.
The market continues to trade within the development rejecting distributive breaks to both the upside and downside yesterday and overnight.
Initial resistance is at 4627, a break here opens potential for a rotation to 4635 initially and key level 4670. Key support is at 4622 a break here opens potential for a rotation back to key level 4588. A break of 4588 opens potential for a new distributive break lower.
Resistance: 4627, 4634, 4644, 4656, 4662, 4668, 4676, 4688
Support: 4622, 4615, 4599, 4588, 4581, 4574, 4562, 4556
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4644 to 4675
Overnight Session 4629 to 4658.
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 March 10 contract rotated lower off the open yesterday, to trigger a rejecting buy tail at 4628. The market rotated back through the range to session high 4697 before rotating back to trade within the development.
The market continued to rotate within the development overnight, triggering a rejecting responsive sell tail at 4670, and triggered a rejecting responsive buy tail at 4622 to close at 4626.
The market continues to trade within the development rejecting distributive breaks to both the upside and downside yesterday and overnight.
Initial resistance is at 4627, a break here opens potential for a rotation to 4635 initially and key level 4670. Key support is at 4622 a break here opens potential for a rotation back to key level 4588. A break of 4588 opens potential for a new distributive break lower.
Resistance: 4627, 4634, 4644, 4656, 4662, 4668, 4676, 4688
Support: 4622, 4615, 4599, 4588, 4581, 4574, 4562, 4556
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4644 to 4675
Overnight Session 4629 to 4658.
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 March 10 contract opened to a distributive break lower out of the establishing development on Friday. The market triggered a rejecting responsive buy tail at 4593 that rotated the market higher and back inside the development to close the session at 4638.
The market continued rotation within the development, in the Friday night session.
The market rejected the distributive break lower Friday and has now resumed the development phase within the 4622 to 4670 range discussed Friday.
Initial resistance is at 4662. Key resistance is at development high 4670 a break here opens potential for a new distributive break, with key resistance at 4688 and 4700. Initial support is at 4635, a break opens potential for a rotation to development low 4622. A break of the development low opens potential for a distributive break lower with key support at 4588.
Resistance: 4656, 4662, 4668, 4676, 4688, 4700, 4711, 4718
Support: 4652, 4644, 4640, 4635, 4622, 4615, 4599, 4588, 4581
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4609 to 4652
Overnight Session 4635 to 4655
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 March 10 contract opened to a distributive break lower out of the establishing development on Friday. The market triggered a rejecting responsive buy tail at 4593 that rotated the market higher and back inside the development to close the session at 4638.
The market continued rotation within the development, in the Friday night session.
The market rejected the distributive break lower Friday and has now resumed the development phase within the 4622 to 4670 range discussed Friday.
Initial resistance is at 4662. Key resistance is at development high 4670 a break here opens potential for a new distributive break, with key resistance at 4688 and 4700. Initial support is at 4635, a break opens potential for a rotation to development low 4622. A break of the development low opens potential for a distributive break lower with key support at 4588.
Resistance: 4656, 4662, 4668, 4676, 4688, 4700, 4711, 4718
Support: 4652, 4644, 4640, 4635, 4622, 4615, 4599, 4588, 4581
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4609 to 4652
Overnight Session 4635 to 4655
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.
Good Morning,
The SPI200 March 10 contract opened to a distributive break higher yesterday. Responsive selling at key level 4688 capped the advance and the market rotated back inside the development. A late session initiating sell tail triggered at 4654 extending the rotation lower and triggering a distributive break to the downside into the session close.
Overnight the market triggered a rejecting responsive buy tail at 4615 that rotated the market higher into the development, to trigger an initiating buy tail at 4626, and a rejecting responsive sell tail at 4663.
The market has rejected distributions, either side of the development, yesterday and overnight. The double distribution to the upside overnight has a bullish bias for the market today.
Initial resistance is at 4662. Key resistance is at development high 4670 a break here opens potential for a rotation to key level 4688 and 4700. Initial support is at 4652, a break opens potential for a rotation to 4639/35 and development low 4622. A break of the development low opens potential for a distributive break lower with key support at 4588.
Resistance: 4656, 4662, 4670, 4676, 4688, 4700, 4711, 4718
Support: 4652, 4644, 4639, 4635, 4622, 4615, 4599, 4588, 4581
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4636 to 4667
Overnight Session 4623 to 4655
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 March 10 contract opened to a distributive break higher yesterday. Responsive selling at key level 4688 capped the advance and the market rotated back inside the development. A late session initiating sell tail triggered at 4654 extending the rotation lower and triggering a distributive break to the downside into the session close.
Overnight the market triggered a rejecting responsive buy tail at 4615 that rotated the market higher into the development, to trigger an initiating buy tail at 4626, and a rejecting responsive sell tail at 4663.
The market has rejected distributions, either side of the development, yesterday and overnight. The double distribution to the upside overnight has a bullish bias for the market today.
Initial resistance is at 4662. Key resistance is at development high 4670 a break here opens potential for a rotation to key level 4688 and 4700. Initial support is at 4652, a break opens potential for a rotation to 4639/35 and development low 4622. A break of the development low opens potential for a distributive break lower with key support at 4588.
Resistance: 4656, 4662, 4670, 4676, 4688, 4700, 4711, 4718
Support: 4652, 4644, 4639, 4635, 4622, 4615, 4599, 4588, 4581
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4636 to 4667
Overnight Session 4623 to 4655
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.
Good Morning,
The SPI200 March 10 contract opened to a responsive buy tail at key level 4652 yesterday, rotating higher and continuing a development stance through the session. An initiating buy tail triggered late in the session at 4682, and the market extended higher in the close.
A responsive buy tail triggered at 4686 on the open overnight, taking the market to a distributive break out of the establishing development and extending to 4716. A responsive sell tail at 4716 rejected the break higher, and the market returned to a development phase trading a 4702 to 4715 range through the remainder of the session.
The market has made a distributive break higher, with a temporary high now at 4716, and has closed this morning back in a development phase.
Initial resistance is at 4716, a break here resumes the distributive break higher, with key resistance initially at 4737, a break here opens potential for a rotation to 4746 initially, then 4762. Key support is at 4702/00, a break opens potential for a rotation back to prior development highs 4688 and 4670.
Resistance: 4711, 4716, 4724, 4737, 4746, 4759/62, 4771, 4779/84, 4794
Support: 4702/00, 4695, 4688, 4682, 4676, 4670, 4662, 4656, 4652, 4644
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4632 to 4672
Overnight Session 4696 to 4711
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 March 10 contract opened to a responsive buy tail at key level 4652 yesterday, rotating higher and continuing a development stance through the session. An initiating buy tail triggered late in the session at 4682, and the market extended higher in the close.
A responsive buy tail triggered at 4686 on the open overnight, taking the market to a distributive break out of the establishing development and extending to 4716. A responsive sell tail at 4716 rejected the break higher, and the market returned to a development phase trading a 4702 to 4715 range through the remainder of the session.
The market has made a distributive break higher, with a temporary high now at 4716, and has closed this morning back in a development phase.
Initial resistance is at 4716, a break here resumes the distributive break higher, with key resistance initially at 4737, a break here opens potential for a rotation to 4746 initially, then 4762. Key support is at 4702/00, a break opens potential for a rotation back to prior development highs 4688 and 4670.
Resistance: 4711, 4716, 4724, 4737, 4746, 4759/62, 4771, 4779/84, 4794
Support: 4702/00, 4695, 4688, 4682, 4676, 4670, 4662, 4656, 4652, 4644
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4632 to 4672
Overnight Session 4696 to 4711
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.
Good Morning,
The SPI200 March 10 contract triggered a responsive buy tail in the opening phase yesterday, rotating to trigger an initiating buy tail at 4711 and extending to 4737. The market developed in the 4724 to 4737 range, until another initiating buy tail triggered at 4739 in the close.
Overnight the distribution higher continued to 4756 initially, to then rotate and develop back to 4739, where another rejecting responsive buy tail rotated the market higher, this time extending to 4761 and closing at 4752.
The market continued the distributive break higher yesterday and overnight. The lack of a rejecting responsive sell tail at session high 4761, indicates potential for a retest of the high.
Key resistance is at 4762, a break maintains the distributive price action. Key resistance then follows at 4779/84 and 4794/95. Key support at 4739/37, a break here opens potential for a rotation to 4716 initially then 4702/00.
Resistance: 4756 4762, 4771, 4779/84, 4794, 4804, 4812, 4833
Support: 4746, 4739/37, 4724, 4716, 4711, 4700, 4695.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4696 to 4723
Overnight Session 4744 to 4755
Have a Merry Christmas.
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 March 10 contract triggered a responsive buy tail in the opening phase yesterday, rotating to trigger an initiating buy tail at 4711 and extending to 4737. The market developed in the 4724 to 4737 range, until another initiating buy tail triggered at 4739 in the close.
Overnight the distribution higher continued to 4756 initially, to then rotate and develop back to 4739, where another rejecting responsive buy tail rotated the market higher, this time extending to 4761 and closing at 4752.
The market continued the distributive break higher yesterday and overnight. The lack of a rejecting responsive sell tail at session high 4761, indicates potential for a retest of the high.
Key resistance is at 4762, a break maintains the distributive price action. Key resistance then follows at 4779/84 and 4794/95. Key support at 4739/37, a break here opens potential for a rotation to 4716 initially then 4702/00.
Resistance: 4756 4762, 4771, 4779/84, 4794, 4804, 4812, 4833
Support: 4746, 4739/37, 4724, 4716, 4711, 4700, 4695.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4696 to 4723
Overnight Session 4744 to 4755
Have a Merry Christmas.
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.
Good Morning,
The SPI200 March 10 contract continued the distributive break higher Thursday triggering an initiating buy tail at 4784 and extending to session high 4814 on the close.
Overnight the distribution continued with the market opening at 4844. The market rotated lower off the open with responsive buying at session low 4814, and development in the 4814 to 4832 range through to the session close.
The market has turned to a development phase overnight following the distributive break, although the lack of a rejecting responsive sell tail indicates potential for a resumption of the distributive break remains.
Initial resistance is at 4833, with key resistance at 4846, a break here opens potential for a continuation of the distribution higher. Initial support is at 4815, a break here opens potential for a rotation to 4794 initially, then 4784.
Resistance: 4833, 4846, 4850, 4863, 4868, 4877, 4889/91, 4902
Support: 4825, 4819, 4815, 4804, 4794, 4784/79, 4771, 4762
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4743 to 4776
Overnight Session 4818 to 4831
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 March 10 contract continued the distributive break higher Thursday triggering an initiating buy tail at 4784 and extending to session high 4814 on the close.
Overnight the distribution continued with the market opening at 4844. The market rotated lower off the open with responsive buying at session low 4814, and development in the 4814 to 4832 range through to the session close.
The market has turned to a development phase overnight following the distributive break, although the lack of a rejecting responsive sell tail indicates potential for a resumption of the distributive break remains.
Initial resistance is at 4833, with key resistance at 4846, a break here opens potential for a continuation of the distribution higher. Initial support is at 4815, a break here opens potential for a rotation to 4794 initially, then 4784.
Resistance: 4833, 4846, 4850, 4863, 4868, 4877, 4889/91, 4902
Support: 4825, 4819, 4815, 4804, 4794, 4784/79, 4771, 4762
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4743 to 4776
Overnight Session 4818 to 4831
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.
Good Morning,
The SPI200 March 10 contract continued higher in the opening phase yesterday to 4849. Responsive selling rotated the market lower to trigger a rejecting responsive buy tail at 4822 that rotated the market back through the session range, with development into the closing phase. An initiating buy tail triggered at 4856 in the closing phase, resuming the distribution higher.
Overnight the market triggered a rejecting responsive sell tail early in the session at 4852, rotating the market higher and distributing to a session high of 4881. Responsive selling rotated the market lower and development featured through the remainder of the session.
The market has turned to a development phase overnight following the distributive break, although the lack of a rejecting responsive sell tail indicates potential for a resumption of the distributive break remains.
Initial resistance is at 4868, then 4881, a break here opens potential for a resumption of the distributive break higher, with key resistance at 4889/91. Key support is at 4852/50, a break here opens potential for a rotation to 4840 initially, then 4822.
Resistance: 4863, 4868, 4877, 4889/91, 4902, 4918, 4925, 4942
Support: 4857, 4850, 4846, 4840, 4833, 4825, 4819, 4815, 4804, 4794
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4822 to 4844
Overnight Session 4858 to 4874
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 March 10 contract continued higher in the opening phase yesterday to 4849. Responsive selling rotated the market lower to trigger a rejecting responsive buy tail at 4822 that rotated the market back through the session range, with development into the closing phase. An initiating buy tail triggered at 4856 in the closing phase, resuming the distribution higher.
Overnight the market triggered a rejecting responsive sell tail early in the session at 4852, rotating the market higher and distributing to a session high of 4881. Responsive selling rotated the market lower and development featured through the remainder of the session.
The market has turned to a development phase overnight following the distributive break, although the lack of a rejecting responsive sell tail indicates potential for a resumption of the distributive break remains.
Initial resistance is at 4868, then 4881, a break here opens potential for a resumption of the distributive break higher, with key resistance at 4889/91. Key support is at 4852/50, a break here opens potential for a rotation to 4840 initially, then 4822.
Resistance: 4863, 4868, 4877, 4889/91, 4902, 4918, 4925, 4942
Support: 4857, 4850, 4846, 4840, 4833, 4825, 4819, 4815, 4804, 4794
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4822 to 4844
Overnight Session 4858 to 4874
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.
Good Morning,
The SPI200 March 10 contract continued trading within the development yesterday. An initiating sell tail triggered at 4857 rotating the market lower through the session, to trade in a 4828 to 4840 range.
In the overnight session, rotation continued within the development. A responsive buy tail triggered midsession at 4823 rotating the market higher and later a responsive sell tail at 4857 rotated the market lower to close at 4850.
The market maintains the development and balanced phase into the close this morning.
Initial resistance is at 4857, with key resistance at 4868, then 4881, a break here opens potential for a resumption of the distributive break higher, to key resistance at 4889/91. Key support is at 4852/50, a break here opens potential for a rotation to 4840 initially, then 4822, a break here opens potential for a distributive break out of the establishing development.
Resistance: 4857, 4863, 4868, 4877, 4889/91, 4902, 4918, 4925
Support: 4850, 4846, 4840, 4833, 4822, 4819, 4815, 4804, 4794
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4839 to 4872
Overnight Session 4831 to 4848
Happy New Year. May 2010 be a successful and enjoyable trading year.
GMS
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 March 10 contract continued trading within the development yesterday. An initiating sell tail triggered at 4857 rotating the market lower through the session, to trade in a 4828 to 4840 range.
In the overnight session, rotation continued within the development. A responsive buy tail triggered midsession at 4823 rotating the market higher and later a responsive sell tail at 4857 rotated the market lower to close at 4850.
The market maintains the development and balanced phase into the close this morning.
Initial resistance is at 4857, with key resistance at 4868, then 4881, a break here opens potential for a resumption of the distributive break higher, to key resistance at 4889/91. Key support is at 4852/50, a break here opens potential for a rotation to 4840 initially, then 4822, a break here opens potential for a distributive break out of the establishing development.
Resistance: 4857, 4863, 4868, 4877, 4889/91, 4902, 4918, 4925
Support: 4850, 4846, 4840, 4833, 4822, 4819, 4815, 4804, 4794
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4839 to 4872
Overnight Session 4831 to 4848
Happy New Year. May 2010 be a successful and enjoyable trading year.
GMS
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.
Good Morning,
The SPI200 March 10 contract rotated off key support 4850 Thursday continuing to trade in the establishing development. An initiating buy tail triggered at 4871 in the closing phase extended the market higher to close at 4879.
Initial resistance is at 4881, a break here opens potential for a resumption of the distributive break higher, to key resistance at 4889/91. Key support is at 4868, then 4852/50, a break here opens potential for a rotation to 4840 initially, then 4822, a break here opens potential for a distributive break out of the establishing development.
Resistance: 4881, 4889/91, 4902, 4918, 4925, 4942, 4958, 4971
Support: 4868, 4863, 4857, 4850, 4846, 4840, 4833, 4822, 4819, 4815, 4804, 4794, 4785
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4834 to 4862
Overnight Session Closed
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 March 10 contract rotated off key support 4850 Thursday continuing to trade in the establishing development. An initiating buy tail triggered at 4871 in the closing phase extended the market higher to close at 4879.
Initial resistance is at 4881, a break here opens potential for a resumption of the distributive break higher, to key resistance at 4889/91. Key support is at 4868, then 4852/50, a break here opens potential for a rotation to 4840 initially, then 4822, a break here opens potential for a distributive break out of the establishing development.
Resistance: 4881, 4889/91, 4902, 4918, 4925, 4942, 4958, 4971
Support: 4868, 4863, 4857, 4850, 4846, 4840, 4833, 4822, 4819, 4815, 4804, 4794, 4785
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4834 to 4862
Overnight Session Closed
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 March 10 contract continued to trade within the prior development through the day session yesterday, with a session range of 4852 to 4884.
Overnight an initiating buy tail triggered at 4875 early in the session, and the market made a distributive break out of the development high. The distribution continued with further initiating buy tails at 4902 and 4923. A mid morning rejecting responsive sell tail at 4941, capped the advance and the market developed through to the close
The market has put a temporary high in place at 4941, with the rejecting responsive sell tail, and has returned to a development phase. The focus now is on whether the market will continue to develop and accept prices in the current range or resume the distributive break higher today.
Key resistance is at 4941, a break here opens potential for a resumption of the distributive break higher, with key resistance at 4956/62 then 4978. Key support is at 4923, a break opens potential for a rotation to 4902 initially, then key level 4891/89 and key level 4875.
Resistance: 4933, 4942, 4956, 4962, 4971, 4978, 4985, 4992, 5000, 5009, 5016
Support: 4923, 4918, 4902, 4891/89, 4881, 4875, 4868, 4860, 4857, 4850
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4864 to 4881
Overnight Session Closed 4885 to 4930
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 March 10 contract continued to trade within the prior development through the day session yesterday, with a session range of 4852 to 4884.
Overnight an initiating buy tail triggered at 4875 early in the session, and the market made a distributive break out of the development high. The distribution continued with further initiating buy tails at 4902 and 4923. A mid morning rejecting responsive sell tail at 4941, capped the advance and the market developed through to the close
The market has put a temporary high in place at 4941, with the rejecting responsive sell tail, and has returned to a development phase. The focus now is on whether the market will continue to develop and accept prices in the current range or resume the distributive break higher today.
Key resistance is at 4941, a break here opens potential for a resumption of the distributive break higher, with key resistance at 4956/62 then 4978. Key support is at 4923, a break opens potential for a rotation to 4902 initially, then key level 4891/89 and key level 4875.
Resistance: 4933, 4942, 4956, 4962, 4971, 4978, 4985, 4992, 5000, 5009, 5016
Support: 4923, 4918, 4902, 4891/89, 4881, 4875, 4868, 4860, 4857, 4850
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4864 to 4881
Overnight Session Closed 4885 to 4930
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 March 10 contract continued to develop yesterday following prior session distributive break. The market rotated lower in the opening phase to trigger a rejecting responsive buy tail at 4904, and trade in a 4907 to 4928 range through the remainder of the session.
The development continued in the overnight session, with a rejecting responsive buy tail at 4917 and rejecting responsive sell tail at 4943 to close 4938.
The market maintains the development phase into the close this morning. The break higher overnight off the prior session point of control 4918, indicates a bullish bias in the market at present.
Key resistance is at 4941, a break here opens potential for a resumption of a distributive break higher, with key resistance at 4956/62 then 4978. Key support is now at 4918, a break opens potential for a rotation to 4902 initially, then key level 4891/89 and 4881.
Resistance: 4941, 4956, 4962, 4971, 4978, 4985, 4992, 5000, 5009, 5016
Support: 4933, 4923, 4918, 4908, 4902, 4891/89, 4881, 4875, 4868, 4860
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4894 to 4931
Overnight Session Closed 4922 to 4935
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 March 10 contract continued to develop yesterday following prior session distributive break. The market rotated lower in the opening phase to trigger a rejecting responsive buy tail at 4904, and trade in a 4907 to 4928 range through the remainder of the session.
The development continued in the overnight session, with a rejecting responsive buy tail at 4917 and rejecting responsive sell tail at 4943 to close 4938.
The market maintains the development phase into the close this morning. The break higher overnight off the prior session point of control 4918, indicates a bullish bias in the market at present.
Key resistance is at 4941, a break here opens potential for a resumption of a distributive break higher, with key resistance at 4956/62 then 4978. Key support is now at 4918, a break opens potential for a rotation to 4902 initially, then key level 4891/89 and 4881.
Resistance: 4941, 4956, 4962, 4971, 4978, 4985, 4992, 5000, 5009, 5016
Support: 4933, 4923, 4918, 4908, 4902, 4891/89, 4881, 4875, 4868, 4860
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4894 to 4931
Overnight Session Closed 4922 to 4935
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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- Joined
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Good Morning,
The SPI200 March 10 contract rotated lower off the development high on the open yesterday to trade back though the development to a session low of 4905, and closing at 4912 in a balanced session.
The market initially rotated lower in the overnight session, triggering a rejecting responsive buy tail at 4901 that rotated the market higher and back inside the establishing development, to session high 4933 and closing at 4923.
The market continued to trade within the development yesterday and overnight.
Initial resistance is at 4933, a break opens potential for a rotation to key level 4941, a break here opens potential for a resumption of a distributive break higher, with key resistance at 4956/62 then 4978. Initial support is now at 4923, a break opens potential for a rotation to 4916 initially then 4902, a break here opens potential for a new distributive break lower, with support at key level 4891/89 and 4881.
Resistance: 4933, 4941, 4958, 4962, 4971, 4978, 4985, 4992, 5000, 5009, 5016
Support: 4923, 4916, 4908, 4902, 4891/89, 4881, 4875, 4868, 4860
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4915 to 4934
Overnight Session Closed 4908 to 4926
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 March 10 contract rotated lower off the development high on the open yesterday to trade back though the development to a session low of 4905, and closing at 4912 in a balanced session.
The market initially rotated lower in the overnight session, triggering a rejecting responsive buy tail at 4901 that rotated the market higher and back inside the establishing development, to session high 4933 and closing at 4923.
The market continued to trade within the development yesterday and overnight.
Initial resistance is at 4933, a break opens potential for a rotation to key level 4941, a break here opens potential for a resumption of a distributive break higher, with key resistance at 4956/62 then 4978. Initial support is now at 4923, a break opens potential for a rotation to 4916 initially then 4902, a break here opens potential for a new distributive break lower, with support at key level 4891/89 and 4881.
Resistance: 4933, 4941, 4958, 4962, 4971, 4978, 4985, 4992, 5000, 5009, 5016
Support: 4923, 4916, 4908, 4902, 4891/89, 4881, 4875, 4868, 4860
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4915 to 4934
Overnight Session Closed 4908 to 4926
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.
