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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
Good Morning,
The SPI200 March 10 contract initially rotated higher in the opening phase Friday. Responsive selling at 4593 rotated the market lower to 4552 initially, followed by a late initiating sell tail break that distributed the market lower triggering a rejecting responsive buy tail at 4534, and the market closed 4545.
In the Friday night session the market continued the distribution lower in the opening phase to 4524. The market then rotated higher and developed in a range to 4589. A midmorning rotation lower triggered an initiating sell tail at 4518 resuming the distribution lower. A rejecting responsive buy tail triggered at 4492, and the market closed 4499.
The market closed in a distribution phase and imbalanced. The rejecting responsive buy tail at 4492, has put a temporary low in the market.
Key resistance is at prior development low 4512, 4518 a break opens potential for a rotation to 4549 and 4556.
Key support is at 4492, a break opens potential for a continuation of the distribution lower. Key levels follow at 4486/80 and 4455.
Resistance: 4502, 4512, 4518, 4524, 4534, 4541, 4546, 4553, 4556, 4562
Support: 4496, 4492, 4486, 4478, 4463, 4455, 4442, 4435, 4422/20
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4554 to 4622
Overnight Session Closed 4522 to 4568
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 initially rotated higher in the opening phase Friday. Responsive selling at 4593 rotated the market lower to 4552 initially, followed by a late initiating sell tail break that distributed the market lower triggering a rejecting responsive buy tail at 4534, and the market closed 4545.
In the Friday night session the market continued the distribution lower in the opening phase to 4524. The market then rotated higher and developed in a range to 4589. A midmorning rotation lower triggered an initiating sell tail at 4518 resuming the distribution lower. A rejecting responsive buy tail triggered at 4492, and the market closed 4499.
The market closed in a distribution phase and imbalanced. The rejecting responsive buy tail at 4492, has put a temporary low in the market.
Key resistance is at prior development low 4512, 4518 a break opens potential for a rotation to 4549 and 4556.
Key support is at 4492, a break opens potential for a continuation of the distribution lower. Key levels follow at 4486/80 and 4455.
Resistance: 4502, 4512, 4518, 4524, 4534, 4541, 4546, 4553, 4556, 4562
Support: 4496, 4492, 4486, 4478, 4463, 4455, 4442, 4435, 4422/20
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4554 to 4622
Overnight Session Closed 4522 to 4568
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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XJO and SPI discrepancy has flipped this morning and we are now seeing the SPI
at a 20 point premium for the first time in awhile.
Is this bullish????
at a 20 point premium for the first time in awhile.
Is this bullish????
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Where are you getting that from?
I've still got SPI at a 30+pt disc to cash - thanks to the upcoming divvies.
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A Broker Firm in their morning SPI report today Tuesday 2nd feb.
Am I allowed to say the name.?
I have emailed them since your reply and will post thier reply.
Am I allowed to say the name.?
I have emailed them since your reply and will post thier reply.
Trembling Hand
Can be found on the bid
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Surely they were talking about overnight moves? first time its opened up significantly in 6 days
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The Broker reply:
"the statement is taken from the close of the XJO yesterday and compared with the close of the SPI on the SYCOM session."
As it happens, they misred the figures- but that is how they calculate the premium/discount for their
morning report.
Very strange way- would you agree?
What is the normal way??
"the statement is taken from the close of the XJO yesterday and compared with the close of the SPI on the SYCOM session."
As it happens, they misred the figures- but that is how they calculate the premium/discount for their
morning report.Very strange way- would you agree?
What is the normal way??
Trembling Hand
Can be found on the bid
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The Broker reply:
"the statement is taken from the close of the XJO yesterday and compared with the close of the SPI on the SYCOM session."
As it happens, they misred the figures- but that is how they calculate the premium/discount for their
Very strange way- would you agree?
What is the normal way??
You can only compare it when the cash is open. Name and shame em'
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Good Morning,
The SPI200 March 10 contract failed to continue the distribution lower on Monday, returning to a development phase Monday SYCOM and the day session yesterday.
In the session overnight, a rejecting responsive buy tail at 4550, rotated the market higher, triggering an initiating buy tail at 4589, that extended the market to a rejecting responsive sell tail at 4630, closing at 4626.
The market has distributed higher overnight and the double development to the upside indicates a bullish bias. The market closed overnight inside the prior 4617 to 4552 devleopment.
Key resistance is at 4635, prior development high 4652, and 4676, a break at 4676 open potential for a rotation to 4700.
Key support is at prior development low 4617, and prior development high 4594/89, a break opens potential for a rotation to 4570 initially and 4549.
Resistance: 4632, 4644, 4652, 4656, 4662, 4670, 4676, 4682, 4688
Support: 4622, 4617, 4599, 4589, 4581/79, 4574, 4569, 4562, 4556
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4529 to 4588
Overnight Session Closed 4563 to 4611.
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 failed to continue the distribution lower on Monday, returning to a development phase Monday SYCOM and the day session yesterday.
In the session overnight, a rejecting responsive buy tail at 4550, rotated the market higher, triggering an initiating buy tail at 4589, that extended the market to a rejecting responsive sell tail at 4630, closing at 4626.
The market has distributed higher overnight and the double development to the upside indicates a bullish bias. The market closed overnight inside the prior 4617 to 4552 devleopment.
Key resistance is at 4635, prior development high 4652, and 4676, a break at 4676 open potential for a rotation to 4700.
Key support is at prior development low 4617, and prior development high 4594/89, a break opens potential for a rotation to 4570 initially and 4549.
Resistance: 4632, 4644, 4652, 4656, 4662, 4670, 4676, 4682, 4688
Support: 4622, 4617, 4599, 4589, 4581/79, 4574, 4569, 4562, 4556
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4529 to 4588
Overnight Session Closed 4563 to 4611.
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 failed to maintain the distribution higher on the reopen yesterday, instead rotating lower and developing.
In the overnight session a rejecting responsive sell tail at 4618 rotated the market lower to 4594 initially, with rotation back to 4617. Another rotation lower extended the market to session low 4576 to close 4580.
Key resistance is at 4589/94, prior development low 4617, a break opens potential for a rotation into the 4617 to 4652 development with key levels 4635, and 4652.
Key support is at 4570. A break opens potential for a rotation to prior development low 4556/49 initially, 4536 and 4492.
Resistance: 4581, 4589, 4594, 4599, 4617, 4622, 4632, 4644, 4652
Support: 4574, 4570, 4562, 4556, 4549, 4541, 4536, 4530, 4512, 4502
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4571 to 4613
Overnight Session Closed 4585 to 4609
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 failed to maintain the distribution higher on the reopen yesterday, instead rotating lower and developing.
In the overnight session a rejecting responsive sell tail at 4618 rotated the market lower to 4594 initially, with rotation back to 4617. Another rotation lower extended the market to session low 4576 to close 4580.
Key resistance is at 4589/94, prior development low 4617, a break opens potential for a rotation into the 4617 to 4652 development with key levels 4635, and 4652.
Key support is at 4570. A break opens potential for a rotation to prior development low 4556/49 initially, 4536 and 4492.
Resistance: 4581, 4589, 4594, 4599, 4617, 4622, 4632, 4644, 4652
Support: 4574, 4570, 4562, 4556, 4549, 4541, 4536, 4530, 4512, 4502
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4571 to 4613
Overnight Session Closed 4585 to 4609
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.
Hi all,
Was wondering if anyone trades the KOSPI200??
Why is it that the kospi trades with more volume than the Australian index futures? I mean ... Australia is a larger market than Korea ... but the kospi has like 5-10x more volume of contracts traded.
Was wondering if anyone trades the KOSPI200??
Why is it that the kospi trades with more volume than the Australian index futures? I mean ... Australia is a larger market than Korea ... but the kospi has like 5-10x more volume of contracts traded.
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You can only compare it when the cash is open. Name and shame em'
Kinetic
I dont think theres a relationship between the capital size of a stock market and the volume traded on its futures. Can you think of a reason as to why there should be? Futures can be traded by anyone around the world with a pc. Volume traded on futures isnt supplied by just local traders from that country.
Anyway, the way I look at it, is that each major region, Asia, Europe, USA, needs a futures instrument to trade that supplies large liquidity for the rich players. Asia is the K200, Europe is the ESTX50 and USA is the ES.
I guess at some stage the Kospi was picked to be that instrument for asia. Im not sure of the history of the kospi, I wonder if anyone knows on these forums.
skc
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Just a possible reason: The larger the capital market, the more need for institutional players to use futures for various strategies like hedging, quick dumping etc?
Was playing around with spi data in Excel and put the following together. Thought others might find it interesting though probably not overly useful.
It shows the make up of trades for the spi this week as a percentage of daily volume along with the raw trade sizes.
E.g. Monday had 10399 single contract trades which made up 32% of that days volume. Trades with 5 contracts or less make up about 70% of the days volume.
Not an awful lot of variation between days but it's a very small sample size. Of more use would be where the larger trades occur on a chart, which I'm attempting to plot, and where they occur within the context of market action.
Volumes for those days were:
Mon: 33k
Tues: 33k
Wed: 26k
Thurs: 23k
Jules.
It shows the make up of trades for the spi this week as a percentage of daily volume along with the raw trade sizes.
E.g. Monday had 10399 single contract trades which made up 32% of that days volume. Trades with 5 contracts or less make up about 70% of the days volume.
Not an awful lot of variation between days but it's a very small sample size. Of more use would be where the larger trades occur on a chart, which I'm attempting to plot, and where they occur within the context of market action.
Volumes for those days were:
Mon: 33k
Tues: 33k
Wed: 26k
Thurs: 23k
Jules.
