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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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Good Morning,
The SPI200 March 10 contract rotated lower in the opening phase yesterday to trade back inside the prior session development. Trading continued in a development phase through the reminder of the session.
In the overnight session the market rotated higher off a rejecting responsive buy tail at 3736, to initially develop in a 4737 to 4750 range. Trading continued higher through the session to a rejecting responsive sell tail at 4778, and development in a range back to 4755, closing 4769.
The double development to the upside overnight indicates a bullish bias in the market.
Key resistance is at 4780. A break at 4790 resumes the distribution higher. Key levels follow at 4815, 4822 and prior development low 4829/33.
Key support is at 4756/50, a break opens potential for a rotation to 4739/37. Key support follows at 4727. A break at 4727 opens potential for a rotation to key level 4700.
Resistance: 4771, 4779/84, 4794, 4804, 4815, 4822, 4829/33, 4840
Support: 4762, 4756, 4750, 4746, 4739/37, 4730, 4722, 4711, 4704, 4700
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4738 to 4770
Overnight Session Closed 4748 to 4770.
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 in the opening phase yesterday to trade back inside the prior session development. Trading continued in a development phase through the reminder of the session.
In the overnight session the market rotated higher off a rejecting responsive buy tail at 3736, to initially develop in a 4737 to 4750 range. Trading continued higher through the session to a rejecting responsive sell tail at 4778, and development in a range back to 4755, closing 4769.
The double development to the upside overnight indicates a bullish bias in the market.
Key resistance is at 4780. A break at 4790 resumes the distribution higher. Key levels follow at 4815, 4822 and prior development low 4829/33.
Key support is at 4756/50, a break opens potential for a rotation to 4739/37. Key support follows at 4727. A break at 4727 opens potential for a rotation to key level 4700.
Resistance: 4771, 4779/84, 4794, 4804, 4815, 4822, 4829/33, 4840
Support: 4762, 4756, 4750, 4746, 4739/37, 4730, 4722, 4711, 4704, 4700
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4738 to 4770
Overnight Session Closed 4748 to 4770.
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 rotated higher on Friday off a rejecting responsive buy tail at 4760 in the opening phase, extending to a rejecting responsive sell tail at 4785 and developing in a 4760 to 4784 range through the session.
On Friday night development continued initially. An initiating buy tail at 4789 opened the market to a distributive break out of the development. The market extended higher through the morning session to a rejecting responsive sell tail at 4846, closing 4840.
The market is in a distributive phase, and imbalance. The rejecting responsive sell tail at 4846 indicates the market rejected the advance higher, although until the market returns to a development phase and a period of price acceptance, the potential remains for further imbalance, including a continuation of the distribution higher.
Key resistance is at 4846, 4850/52, previous development high 4878, 4886 and previous development low 4902/05.
Key support is at 4835, a break opens potential for a rotation to 4815 initially and 4794.
Resistance: 4846, 4850, 4855, 4861/63, 4868, 4873, 4881, 4886, 4891
Support: 4840, 4835, 4829, 4822, 4815, 4804, 4794, 4784, 4779, 4771
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4752 to 4776
Overnight Session Closed 4786 to 4830.
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 higher on Friday off a rejecting responsive buy tail at 4760 in the opening phase, extending to a rejecting responsive sell tail at 4785 and developing in a 4760 to 4784 range through the session.
On Friday night development continued initially. An initiating buy tail at 4789 opened the market to a distributive break out of the development. The market extended higher through the morning session to a rejecting responsive sell tail at 4846, closing 4840.
The market is in a distributive phase, and imbalance. The rejecting responsive sell tail at 4846 indicates the market rejected the advance higher, although until the market returns to a development phase and a period of price acceptance, the potential remains for further imbalance, including a continuation of the distribution higher.
Key resistance is at 4846, 4850/52, previous development high 4878, 4886 and previous development low 4902/05.
Key support is at 4835, a break opens potential for a rotation to 4815 initially and 4794.
Resistance: 4846, 4850, 4855, 4861/63, 4868, 4873, 4881, 4886, 4891
Support: 4840, 4835, 4829, 4822, 4815, 4804, 4794, 4784, 4779, 4771
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4752 to 4776
Overnight Session Closed 4786 to 4830.
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 rotate in the establishing development yesterday. A rejecting responsive sell tail at 4839 in the opening phase and midsession rejecting responsive buy tail at 4806, rotated the market back inside the development.
The market initially rotated lower to a rejecting responsive buy tail at 4808 in the overnight market, where the market set session lows and rotated higher within the development. A midmorning distribution through the upside of the development was short lived and responsive selling rotated the market back inside the development.
The market remains in a development phase, although the lack of a rejecting responsive sell tail indicates potential remains for another distributive break through the upside of the development.
Key resistance is at 4850/52. A break at 4857 opens potential for a distributive break higher. Key levels follow at 4868and 4886.
Key support is at 4830, 4812/08, and 4797/94. A break opens potential for a rotation to 4784 initially and 4775.
Resistance: 4835, 4840, 4846, 4850, 4855, 4861/63, 4868, 4873, 4881, 4886
Support: 4835, 4830, 4822, 4812, 4804, 4794, 4784, 4779, 4771, 4762, 4756, 4750
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 44808 to 4836
Overnight Session Closed 4820 to 4845
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 rotate in the establishing development yesterday. A rejecting responsive sell tail at 4839 in the opening phase and midsession rejecting responsive buy tail at 4806, rotated the market back inside the development.
The market initially rotated lower to a rejecting responsive buy tail at 4808 in the overnight market, where the market set session lows and rotated higher within the development. A midmorning distribution through the upside of the development was short lived and responsive selling rotated the market back inside the development.
The market remains in a development phase, although the lack of a rejecting responsive sell tail indicates potential remains for another distributive break through the upside of the development.
Key resistance is at 4850/52. A break at 4857 opens potential for a distributive break higher. Key levels follow at 4868and 4886.
Key support is at 4830, 4812/08, and 4797/94. A break opens potential for a rotation to 4784 initially and 4775.
Resistance: 4835, 4840, 4846, 4850, 4855, 4861/63, 4868, 4873, 4881, 4886
Support: 4835, 4830, 4822, 4812, 4804, 4794, 4784, 4779, 4771, 4762, 4756, 4750
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 44808 to 4836
Overnight Session Closed 4820 to 4845
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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hey acouch,
I've been combing through this extensive thread to try and find some info about this roadmap that you kindly post each day.
What kind of system/technique is it using to plot the zones? Can you point me to any posts or any other information so I can get a better idea of what it does and how it does it?
Thanks.
I've been combing through this extensive thread to try and find some info about this roadmap that you kindly post each day.
What kind of system/technique is it using to plot the zones? Can you point me to any posts or any other information so I can get a better idea of what it does and how it does it?
Thanks.
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there is no system, the road map takes past data and projects it forward.
i use Medianlines to do this.
and it is very successful.
have a great day
ac
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Thanks acouch, I'll have to have a red into it.
From the looks of it, the highlighted areas are probable targets that will be met during the course of the day.
I'll follow along and see how it goes. I like the charts you post that after each day that show how the SPI traded vs the roadmap, interesting. I'd like to see more of these if you have the time.
From the looks of it, the highlighted areas are probable targets that will be met during the course of the day.
I'll follow along and see how it goes. I like the charts you post that after each day that show how the SPI traded vs the roadmap, interesting. I'd like to see more of these if you have the time.
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morning razza dazzla
when i have the time i post the charts as the day goes along, but what i would suggest for you to do, so you can watch the progress of the chart, is to set up a 10min 24 hr chart, with the nos applied, this way you can watch it also and see the end result,for the days i don't get around to posting a updated chart.
i am glad you are finding the road map useful to you.
take care out there
a:couch
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Good Morning,
The SPI200 March 10 contract initially traded within the development yesterday. A midsession initiating sell tail at 4822 extended the market lower to a distributive break late in the session to a session low 4782, and closing 4790.
The market rotated lower off a rejecting responsive sell tail at 4792, early in the night session, and development commenced in a range to 4776. A late session resumption of the distributive break extended the market to 4759, where the market rotated higher to close 4786.
The market has made a distributive break lower and commenced development and price acceptance in a new range. The lack of a rejecting responsive buy tail at the low indicates potential for a retest of the lows, although the bias is currently towards the upside.
Key resistance is at 4794, 4812 and the previous point of control 4822
Key support is at 4784 and 4775.
Resistance: 4794, 4804, 4812, 4822, 4830, 4835, 4840, 4846, 4850, 4855
Support: 4782, 4776, 4771, 4762, 4756, 4750, 4746, 4739/37, 4730, 4722
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4801 to 4833
Overnight Session Closed 4769 to 4787.
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 traded within the development yesterday. A midsession initiating sell tail at 4822 extended the market lower to a distributive break late in the session to a session low 4782, and closing 4790.
The market rotated lower off a rejecting responsive sell tail at 4792, early in the night session, and development commenced in a range to 4776. A late session resumption of the distributive break extended the market to 4759, where the market rotated higher to close 4786.
The market has made a distributive break lower and commenced development and price acceptance in a new range. The lack of a rejecting responsive buy tail at the low indicates potential for a retest of the lows, although the bias is currently towards the upside.
Key resistance is at 4794, 4812 and the previous point of control 4822
Key support is at 4784 and 4775.
Resistance: 4794, 4804, 4812, 4822, 4830, 4835, 4840, 4846, 4850, 4855
Support: 4782, 4776, 4771, 4762, 4756, 4750, 4746, 4739/37, 4730, 4722
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4801 to 4833
Overnight Session Closed 4769 to 4787.
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.
