Trading The SPI - NON-Gann Techniques

[GMS]

Good Morning,

The SPI200 March 10 contract continued to trade within the development yesterday, rotating to 4892 in the opening phase to then rotate lower inside the development through the course of the session. An initiating sell tail triggered at 4841 late in the session to close at 4837.

The market developed in a 4817 to 4840 range in the first half of the night session. An early morning distribution extended the market lower to a rejecting responsive buy tail at 4781, that rotated the market higher to 4796 initially, then 4816 to close at 4810.

The market has made a new distribution lower overnight, with a temporary low now in place at the responsive sell tail 4781. The double distribution lower overnight indicates a bearish bias.

Key resistance is initially at 4815/16, 4822, prior development low 4829/33 and 4950/52.

Key support is initially at 4796, 4781, prior development low 4762, and 4746.

Resistance: 4815/16, 4822, 4829/33, 4840, 4846, 4850, 4855, 4861/63, 4868
Support: 4804, 4796, 4781, 4771, 4762, 4750, 4746, 4739/37, 4724

Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4835 to 4875
Overnight Session Closed 4794 to 4832

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.

 

[acouch]

good morning all
today's road map have a great day, and good trades
ac

 

[GMS]

Good Morning,

The SPI200 March 10 contract developed yesterday following the prior session rejection of the distribution lower. The session range was 4797 to 4830, closing at 4801.

The market opened to a responsive sell tail at 4807 overnight that rotated the market lower to a new distributive break to 4772 initially and development back inside this range. A mid morning initiating sell tail at 4771 extended the distribution lower to trigger a rejecting responsive buy tail at 4694, that rotated the market higher closing at 4708.

The market resumed the distributive break lower overnight, to reject the break with the rejecting responsive buy tail at 4694, and development has commenced in a 4700 to 4728 range. The double distribution lower through the night session is indicative of a bearish bias.

Key resistance is initially at 4724, then 4746, a break opens potential for a rotation to 4762. Key levels follow at 4771 and 4781

Key support is initially at prior development low 4700. A break at 4694 opens potential for a resumption of the distribution lower, to prior development highs 4688 and 4670.

Resistance: 4711, 4716, 4724, 4737/39, 4746, 4756, 4762, 4771, 4779/84
Support: 4700, 4694, 4688, 4682, 4676, 4670, 4662, 4656, 4652, 4644

Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4798 to 4829
Overnight Session Closed 4717 to 4792

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.

 

[acouch]

a day in the life of the road map
coming into close on sycom
a:couch

 

[acouch]

good morning all
Monday's road map
have a great weekend and take care
ac

 

[GMS]

Good Morning,

The SPI200 March 10 contract opened to a rejecting responsive buy tail on Friday at 4683, rotating the market higher and development in a 4700 to 4724 range. A rejecting responsive sell tail at 4726 rotated the market lower to close 4707.

On Friday night a rejecting responsive sell tail at 4721 rotated the market lower to a new distribution, initially to 4656, and the market developed in a range back to 4694. The market resumed the distribution lower late in the session to close in the distribution phase and imbalance.

Resistance: 4622, 4635, 4644, 4652, 4656, 4662, 4670, 4676, 4682
Support: 4615, 4599, 4588, 4581/79, 4574, 4562, 4556, 4541, 4592, 4512

Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4700 to 4776
Overnight Session Closed 4653 to 4706

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.

 

[acouch]

good afternoon all,

Wednesday's road map,
hope you are enjoying Australia Day
ac

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[acouch]

afternoon,
a day in the life of the road map,
sycom to follow
ac

 

[acouch]

morning all,
today's road map
have a great day, and good trades
ac

 

[GMS]

Good Morning,

The SPI200 March 10 contract has continued to distribute lower in the sessions following on from the open of the Tuesday night SYCOM session.

Overnight the distribution lower continued through the session to a late morning rejecting responsive buy tail at 4549, rotating the market higher through the session range triggering a tail into the close at 4599.

Due to the close of the market in the midst of the 4599 tail, I await the reopen for confirmation this tail is either a rejecting responsive sell tail, indicating responsive selling is entering the market or an initiating buy tail indicating a continuation of the move higher.

Key resistance is at 4616, 4652 and 4676 a break opens potential for a rotation to 4700, with key level following at 4722.

Key support is at 4599, 4571/70, 4556 and 4549. A break at 4549 resumes the distribution lower.

Resistance: 4656, 4662, 4670, 4676, 4682, 4688, 4694, 4700, 4711, 4716, 4722
Support: 4652, 4644, 4635, 4622, 4615, 4599, 4588, 4581/79, 4574, 4562, 4556

Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4606 to 4637
Overnight Session Closed 4560 to 4589


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.

 

[CascadeX]

Hello ASF,

I'm just starting to dabble into futures, and notice that the movements in the SPI are HUGE. Like 100 point movements.
Is this because of liquidity?
Compared to the S&P ES-mini's which only moves at most 20-30pts in one day ... the SPI moved like 100+ pts yesterday: from 4630 to 4530 ...

You'd better have your stop losses on for the SPI. Dangerous.

Can someone comment on the levels of liquidity and risk for the SPI vs. the ES this. I would think that the volatility for the SPI is a lot higher.

I'm thinking about staying away from the SPI b/c my feeling is that the SPI can be manipulated by the big fish and the large institutional players.


SPI movement; 27/28th Jan:

S&P500 ES movement: 28th Jan:

Thanks, and cheers.

 

[Trembling Hand]

I'm just starting to dabble into futures, and notice that the movements in the SPI are HUGE. Like 100 point movements.
Is this because of liquidity?
Compared to the S&P ES-mini's which only moves at most 20-30pts in one day ... the SPI moved like 100+ pts yesterday: from 4630 to 4530 ...

The range in % and ticks per futures is about the same. You have to remember for every S&P500 point there is 4 ticks. For the SPI its 1 tick per point.

Can someone comment on the levels of liquidity and risk for the SPI vs. the ES this. I would think that the volatility for the SPI is a lot higher.

I'm thinking about staying away from the SPI b/c my feeling is that the SPI can be manipulated by the big fish and the large institutional players.

Yesterday the cash hours range for the SPI was 55 ticks the ES (SP500) was 72 ticks. As far as liquidity there are miles apart, by factor of 100 times.

Exactly what would be so bad about this so called "manipulation" that you wish to stay away from?

 

[skyQuake]

Hello ASF,

I'm just starting to dabble into futures, and notice that the movements in the SPI are HUGE. Like 100 point movements.
Is this because of liquidity?
Compared to the S&P ES-mini's which only moves at most 20-30pts in one day ... the SPI moved like 100+ pts yesterday: from 4630 to 4530 ...

You'd better have your stop losses on for the SPI. Dangerous.

Can someone comment on the levels of liquidity and risk for the SPI vs. the ES this. I would think that the volatility for the SPI is a lot higher.

I'm thinking about staying away from the SPI b/c my feeling is that the SPI can be manipulated by the big fish and the large institutional players.


SPI movement; 27/28th Jan:

S&P500 ES movement: 28th Jan:

Thanks, and cheers.

illiquidity and spoofers

 

[CascadeX]

The range in % and ticks per futures is about the same. You have to remember for every S&P500 point there is 4 ticks. For the SPI its 1 tick per point.


Yesterday the cash hours range for the SPI was 55 ticks the ES (SP500) was 72 ticks. As far as liquidity there are miles apart, by factor of 100 times.

Exactly what would be so bad about this so called "manipulation" that you wish to stay away from?

Yeah okay, fair enough. The range for the SPI still moved more though in dollar terms. It moved about 100 points overnight so that's about 2.5K.
Whereas the ES at most moved about 20pts, which is 1K.

I was monitoring the SPI yesterday and there were 10pt movements in 1-4 second time frames. Liquidity ...
Scary if you don't have your stop losses.

 

[Trembling Hand]

Yeah okay, fair enough. The range for the SPI still moved more though in dollar terms.

Good luck with it mate

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[ginar]

Yeah okay, fair enough. The range for the SPI still moved more though in dollar terms. It moved about 100 points overnight so that's about 2.5K.
Whereas the ES at most moved about 20pts, which is 1K.

I was monitoring the SPI yesterday and there were 10pt movements in 1-4 second time frames. Liquidity ...
Scary if you don't have your stop losses.

If you are looking for an indice future with some good volatility you cannot go past the german fdax . last nights range was over 180 ticks which as a %age is over 3% . some serious coin to be made if you can get on the right side of those ranges .

 

[GMS]

Good Morning,

The SPI200 March 10 contract extended higher on the reopen yesterday, following on from what was confirmed as an initiating buy tail at 4599 in the previous session. The market extended to a session high of 4949, closing at 4646.

Overnight the market rotated lower off the open trading back inside the day session development. An early morning initiating sell tail at 4616 distributed the market lower, extending to a rejecting responsive buy tail at 4546 that rotated the market back to a 4594 high to close 4575.

The double development to the downside overnight indicates a bearish bias.

Key resistance is at current development high, 4594/99, then 4616 a break here opens potential for a rotation back inside the 4616 to 4652 development with key levels 4635 and 4652. Following on key level at 4676 a break opens potential for a rotation to 4700.

Key support is at 4571/70, and current development low 4556/49. A break at 4549 resumes the distribution lower.

Resistance: 4579/81, 4588, 4599, 4617, 4622, 4635, 4644, 4652, 4656
Support: 4574, 4567, 4562, 4556, 4553, 4546, 4541, 4530, 4512, 4502

Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4562 to 4619
Overnight Session Closed 4569 to 4635

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.

 

[acouch]

spi road map coming into close
ac