The SPI200 March 10 contract continued to trade in the established development through the day session yesterday in a 4559 to 4596 range.
A rejecting responsive sell tail at 4589 in the opening phase overnight rotated the market lower, to an initiating sell tail at 4575 that extended the market to 4548 initially, with some development following. Another initiating sell tail at 4533, extended the market to 4460, where development followed into the closing phase. A tail commenced in the close of the session at 4459.
The commencement of the tail on the close is yet to indicate a rejecting responsive buy tail or commencement of an initiating sell, and await the reopen for indication.
The market has closed at a key level with several development highs and lows at 4455 to 4463 over a period 26/8/09 to 1/9/09.
Key resistance is at 4463 a break opens potential for a rotation to 4492.
Key support is at 4455, a break opens potential for a rotation to 4442 initially, 4422 and 4406.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4574 to 4604
Overnight Session Closed 4471 to 4557
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 higher Friday. Immediately the market rotated lower off the open back inside the development that commenced in the prior session, to a session low 4453 and rotation in the development through to the close at 4474.
In the Friday night session the market commenced a new distributive break lower to 4421 initially and rotation back to 4470 with development in this range. A late session break extended the distribution to a rejecting responsive buy tail at 4396, and the market rotated higher to close 4464.
The market has returned to a development phase following the distributive break in the Friday night SYCOM session.
Key resistance is at 4473 a break opens potential for a rotation to 4496. A break at 4502 opens potential for a rotation to 4511.
Key support is at 4452, a break opens potential for a rotation to 4421. Key level follows at 4396, a break opens potential for a continuation of the distribution lower.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4457 to 4537
Overnight Session Closed 4422 to 4461
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 extended higher in the opening phase yesterday and continued to trade within the establishing development. A midsession rejecting responsive sell tail at 4514 rotated the market lower to close 4474.
In the overnight session, trading continued within the development in a 4450 to 4492 range. A tail has commenced in the close at 4448, which is yet to indicate an initiating sell lower or a rejecting responsive buy tail.
The market continued to trade within the broad development yesterday and overnight.
Key resistance is at 4448/52, 4473, a break at 4473 opens potential for a rotation to 4496. A break at 4502 opens potential for a rotation to 4511.
Key support is at 4421. Key level follows at 4396, a break opens potential for a continuation of the distribution lower.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4427 to 4485
Overnight Session Closed 4458 to 4481
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 development yesterday, triggering a midsession rejecting responsive buy tail at 4435, that rotated the market higher through to the close at 4473.
In the overnight session, the extension higher continued to a distributive break out of the establishing development to a rejecting responsive sell tail at 4545, and closing 4514.
The distribution higher overnight indicates a bullish bias, although the rejecting sell tail at 4545, indicates a temporary high in place, with the market returning to a development phase into the close.
Key resistance is at 4518, a break opens potential for a rotation to 4549/52. Key levels follow at 4570 and 4589/94
Initial support is at 4512. Key support is at 4502 and 4496. A break at 4496 opens potential for a rotation to 4473.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4450 to 4477
Overnight Session Closed 4487 to 4523
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 trade within the establishing development yesterday. A midsession initiating sell tail at 4507 extended the range to a rejecting responsive buy tail at 4470, to close the session at 4481.
In the overnight session, development continued, with a rejecting responsive sell tail at 4512 rotating the market lower. A distributive break triggered a rejecting responsive buy tail at 4466 and the market rotated back within the development to close 4495.
Key resistance is at 4502 a break opens potential for a rotation to 4512. Key resistance follow at 4518, a break opens potential for a rotation to 4549/52, with key level 4535.
Initial support is at 4486, with key support at 4473 and 4467. A break at 4467 opens potential for a resumption of the distributive break to 4434.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4485 to 4524
Overnight Session Closed 4471 to 4502
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 establishing development yesterday, in a session range 4476 to 4534 to close 4522.
In the overnight session the market rotated lower to a rejecting responsive buy tail at 4486 that rotated the market higher to 4554 initially. A distributive break out of the development high on the close has commenced a new tail.
The focus is now on the reopen to establish if the tail is rejecting responsive selling or initiation of a buy tail higher.
Key resistance is at 4570, prior development high 4589/94, and 4616. A break at 4616, open potential for a rotation back inside the 4616 to 4652 development.
Key support is at 4552, 4534 and 4518. A break at 4518 opens potential for a rotation to 4507 initially, then 4492.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4476 to 4514
Overnight Session Closed 4503 to 4540
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 establishing development yesterday. A rejecting responsive sell tail at 4539 midsession, capped the upside and the market closed 4527.
In the shortened overnight session another rejecting responsive sell tail at 4531 rotated the market lower with trading continuing in the development through the session to close 4527.
The market continues to build price efficiency in the current development, increasing the likelihood of a distributive break off the point of control level which is currently 4522.
Key resistance is at 4534, 4552, 4570, and prior development high 4589/94.
Key support is at current point of control 4522, 4512, 4496/92. A break at 4496/92 opens potential for a rotation to 4473/67 and further 4434.
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4491 to 4527
Overnight Session Closed 4518 to 4527
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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