Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
Yeah funnily enough gms, getting near 4pm was exactly what was playing on my mind. That last half hour is too crazy for my blood.
Objectively though, there was plenty of time left and that short setup was a sitter for me so was just frustrated I bailed on it. Live and learn.
Objectively though, there was plenty of time left and that short setup was a sitter for me so was just frustrated I bailed on it. Live and learn.
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Good Morning,
The SPI200 June 10 contract continued to trade within the development yesterday in a 4892 to 4912 range.
The market traded higher overnight off the previous session point of control 4904, (a bullish indicator). The market extended higher through the session to a new distributive break to session high 4950. The market rotated back through the session range late in the session to form a tail at 4900 in the closing phase.
The market has closed in the midst of this tail formation, and awaiting the reopen to complete the formation, to determine whether this is a rejecting responsive buy tail or an initiating sell tail extending the market lower. Bias remains bullish, a break through 4879 negates this bias.
Initial resistance is at the current point of control 4904, a break opens potential for a rotation to 4925, with key levels at 4914 and 4933.
Key support is at 4891/88, 4879, and 4867.
Resistance: 4904, 4909, 4915, 4925, 4933, 4938, 4958, 4962, 4971
Support: 4899, 4892, 4888, 4884, 4879, 4867, 4862, 4853/50, 4844, 4835
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4892 to 4907
Overnight Session Closed 4912 to 4939
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 June 10 contract continued to trade within the development yesterday in a 4892 to 4912 range.
The market traded higher overnight off the previous session point of control 4904, (a bullish indicator). The market extended higher through the session to a new distributive break to session high 4950. The market rotated back through the session range late in the session to form a tail at 4900 in the closing phase.
The market has closed in the midst of this tail formation, and awaiting the reopen to complete the formation, to determine whether this is a rejecting responsive buy tail or an initiating sell tail extending the market lower. Bias remains bullish, a break through 4879 negates this bias.
Initial resistance is at the current point of control 4904, a break opens potential for a rotation to 4925, with key levels at 4914 and 4933.
Key support is at 4891/88, 4879, and 4867.
Resistance: 4904, 4909, 4915, 4925, 4933, 4938, 4958, 4962, 4971
Support: 4899, 4892, 4888, 4884, 4879, 4867, 4862, 4853/50, 4844, 4835
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4892 to 4907
Overnight Session Closed 4912 to 4939
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 June 10 opened to a rejecting responsive sell tail at 4937 yesterday, rotating lower and developing in a range to 4911, initially then extending to a rejecting responsive buy tail at 4907 in the closing phase to close 4923.
The market rotated higher within the development overnight, initially to 4936, and developing, to then extend to 4943 midsession and closing 4939.
Bias remains bullish to the high side of current development, 4956/62.
Key resistance is at 4941 initially and 4956/62.
Key support is at 4936/33 a break opens potential for a rotation to 4904. Key levels are at 4925, and 4891.
Resistance: 4958, 4962, 4971, 4978, 4985, 4992, 5000, 5009, 5016, 5024
Support: 4936, 4933, 4925, 4915, 4909, 4904, 4899, 4891, 4888, 4884
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4916 to 4934
Overnight Session Closed 4925 to 4936
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 June 10 opened to a rejecting responsive sell tail at 4937 yesterday, rotating lower and developing in a range to 4911, initially then extending to a rejecting responsive buy tail at 4907 in the closing phase to close 4923.
The market rotated higher within the development overnight, initially to 4936, and developing, to then extend to 4943 midsession and closing 4939.
Bias remains bullish to the high side of current development, 4956/62.
Key resistance is at 4941 initially and 4956/62.
Key support is at 4936/33 a break opens potential for a rotation to 4904. Key levels are at 4925, and 4891.
Resistance: 4958, 4962, 4971, 4978, 4985, 4992, 5000, 5009, 5016, 5024
Support: 4936, 4933, 4925, 4915, 4909, 4904, 4899, 4891, 4888, 4884
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4916 to 4934
Overnight Session Closed 4925 to 4936
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 June 10 continued to trade within the development Thursday. A late session initiating buy tail at 4922 extended the market higher to close 4937.
The extension higher continued in the night session. A distribution break out was rejected with a responsive sell tail at 4949 and the market rotated back in the development to close 4934.
Key resistance is at 4956/62, 4978, 5016/24
Key support is at 4933, 4922, and 4904
Resistance: 4952, 4958, 4962, 4971, 4978, 4985, 4992, 5000, 5009
Support: 4941, 4933, 4922, 4915, 4909, 4904, 4899, 4891, 4888, 4884
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4879 to 4912
Overnight Session Closed 4937 to 4949
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 June 10 continued to trade within the development Thursday. A late session initiating buy tail at 4922 extended the market higher to close 4937.
The extension higher continued in the night session. A distribution break out was rejected with a responsive sell tail at 4949 and the market rotated back in the development to close 4934.
Key resistance is at 4956/62, 4978, 5016/24
Key support is at 4933, 4922, and 4904
Resistance: 4952, 4958, 4962, 4971, 4978, 4985, 4992, 5000, 5009
Support: 4941, 4933, 4922, 4915, 4909, 4904, 4899, 4891, 4888, 4884
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4879 to 4912
Overnight Session Closed 4937 to 4949
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 June 10 contract opened to a distributive break higher yesterday, and developed in a 4950 to 4978 range.
The market initially continued the distribution higher to 4983, and development continued in a 4959 to 4983 range. The distribution higher resumed early morning, extending to a rejecting responsive sell tail at 4995, and development continued into the close in a 4980 to 4994 range.
The market has closed in a development phase following several distributive breaks yesterday and overnight. The bias is currently towards the low side of the recent 4950 to 4995 development.
Key resistance is at 4995, 5016/24 and 5045
Key support is at 4981/78, 4962/57 and 4933
Resistance: 4985, 4995, 5000, 5009, 5016, 5024, 5032, 5045
Support: 4981/78, 4967, 4962, 4957, 4952, 4941, 4933, 4922
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4959 to 4974
Overnight Session Closed 4966 to 4985
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 June 10 contract opened to a distributive break higher yesterday, and developed in a 4950 to 4978 range.
The market initially continued the distribution higher to 4983, and development continued in a 4959 to 4983 range. The distribution higher resumed early morning, extending to a rejecting responsive sell tail at 4995, and development continued into the close in a 4980 to 4994 range.
The market has closed in a development phase following several distributive breaks yesterday and overnight. The bias is currently towards the low side of the recent 4950 to 4995 development.
Key resistance is at 4995, 5016/24 and 5045
Key support is at 4981/78, 4962/57 and 4933
Resistance: 4985, 4995, 5000, 5009, 5016, 5024, 5032, 5045
Support: 4981/78, 4967, 4962, 4957, 4952, 4941, 4933, 4922
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4959 to 4974
Overnight Session Closed 4966 to 4985
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 June 10 contract opened to a rotation higher yesterday off a rejecting responsive buy tail at 4973, and the market continued development through the session in a 4973 to 4991 range.
Development initially continued in the night session. A rejecting responsive sell tail at 4983 rotated the market lower with development in a 4965 to 4982 range. A midmorning distribution break out of the development extended to a rejecting responsive buy tail at 4950, and development resumed through the remainder of the session in a 4950 to 4964 range.
Key resistance is at 4964, a break opens potential for a rotation to 4978/81. Key levels follow at 4995 and 5016/24.
Key support is at 4950, a break opens potential for a resumption of the distributive break and volatility. Key levels follow at 4933, and 4922
Resistance: 4958, 4964, 4971, 4978/83, 4995, 5000, 5009, 5016, 5024
Support: 4950, 4941, 4933, 4922, 4915, 4909, 4904, 4899, 4891, 4888
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4969 to 4986
Overnight Session Closed 4960 to 4978
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 June 10 contract opened to a rotation higher yesterday off a rejecting responsive buy tail at 4973, and the market continued development through the session in a 4973 to 4991 range.
Development initially continued in the night session. A rejecting responsive sell tail at 4983 rotated the market lower with development in a 4965 to 4982 range. A midmorning distribution break out of the development extended to a rejecting responsive buy tail at 4950, and development resumed through the remainder of the session in a 4950 to 4964 range.
Key resistance is at 4964, a break opens potential for a rotation to 4978/81. Key levels follow at 4995 and 5016/24.
Key support is at 4950, a break opens potential for a resumption of the distributive break and volatility. Key levels follow at 4933, and 4922
Resistance: 4958, 4964, 4971, 4978/83, 4995, 5000, 5009, 5016, 5024
Support: 4950, 4941, 4933, 4922, 4915, 4909, 4904, 4899, 4891, 4888
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4969 to 4986
Overnight Session Closed 4960 to 4978
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 June 10 contract opened to a rejecting responsive sell tail at 5005 yesterday and rotated lower to a rejecting responsive buy tail at 4992, and development in this range through the course of the session, as the market accepted prices in the new range.
The market opened to a rejecting responsive sell tail at 5007 overnight and rotated lower, continuing to develop in the prior session range.
The market has rejected a continuation higher yesterday and overnight with rejecting responsive sell tails at 5005 and 5007. Bias at present indicates a rotation lower to 4981/78.
Key resistance is at current point of control 4995, a break opens potential for a rotation to 5007. Key levels follow at 5021 and 5054.
Key support is at 4992, 4981/78, a break opens potential for a rotation to 4964.
Resistance: 4995, 5000, 5007, 5016, 5021, 5030, 5037, 5048, 5054, 5062, 5085
Support: 4983/78, 4971, 4964, 4958, 4941, 4933, 4922, 4915, 4909, 4904, 4899
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4972 to 4997
Overnight Session Closed 4993 to 5002
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 June 10 contract opened to a rejecting responsive sell tail at 5005 yesterday and rotated lower to a rejecting responsive buy tail at 4992, and development in this range through the course of the session, as the market accepted prices in the new range.
The market opened to a rejecting responsive sell tail at 5007 overnight and rotated lower, continuing to develop in the prior session range.
The market has rejected a continuation higher yesterday and overnight with rejecting responsive sell tails at 5005 and 5007. Bias at present indicates a rotation lower to 4981/78.
Key resistance is at current point of control 4995, a break opens potential for a rotation to 5007. Key levels follow at 5021 and 5054.
Key support is at 4992, 4981/78, a break opens potential for a rotation to 4964.
Resistance: 4995, 5000, 5007, 5016, 5021, 5030, 5037, 5048, 5054, 5062, 5085
Support: 4983/78, 4971, 4964, 4958, 4941, 4933, 4922, 4915, 4909, 4904, 4899
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4972 to 4997
Overnight Session Closed 4993 to 5002
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.
