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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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Good Morning,
The SPI200 June 10 contract triggered an initiating sell tail in the opening phase yesterday, to distribute out of the development. The market extended to a rejecting responsive buy tail at 4896 and development resumed through the remainder of the session.
The market resumed the distribution lower in the overnight market, extending to another rejecting responsive buy tail at 4860 and rotation back inside the development to close 4911.
Key resistance is at 4922 and 4933.
Key support is at 4904, and 4896. A break at 4896 opens potential for a rotation to 4875. Key support follows at 4853/50.
Resistance: 4915, 4922, 4933, 4941, 4945, 4950, 4956, 4962/64
Support: 4909, 4904, 4899, 4891, 4884, 4879, 4867, 4862, 4853/50
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4914 to 4952
Overnight Session Closed 4873 to 4907
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 triggered an initiating sell tail in the opening phase yesterday, to distribute out of the development. The market extended to a rejecting responsive buy tail at 4896 and development resumed through the remainder of the session.
The market resumed the distribution lower in the overnight market, extending to another rejecting responsive buy tail at 4860 and rotation back inside the development to close 4911.
Key resistance is at 4922 and 4933.
Key support is at 4904, and 4896. A break at 4896 opens potential for a rotation to 4875. Key support follows at 4853/50.
Resistance: 4915, 4922, 4933, 4941, 4945, 4950, 4956, 4962/64
Support: 4909, 4904, 4899, 4891, 4884, 4879, 4867, 4862, 4853/50
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4914 to 4952
Overnight Session Closed 4873 to 4907
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.
Good Morning,
The SPI200 June 10 contract rotated higher in the opening phase last night to a distribution break. A responsive sell tail at 4928, rejected the break and the market rotated back inside the development. the market extended lower to a responsive buy tail at 4892, to close the session at 4897.
The market continues to trade within the development, with bias currently to the high side of the overnight range.
Key resistance is at 4933 and 4945.
Key support is at 4899 and 4891. A break at 4891 opens potential for a rotation to 4875. Key support follows at 4853/50.
Resistance: 4899, 4904, 4909, 4915, 4922, 4933, 4941, 4945
Support: 4891, 4884, 4879, 4867, 4862, 4853/50, 4835, 4830
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4880 to 4898
Overnight Session Closed 4901 to 4918
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 rotated higher in the opening phase last night to a distribution break. A responsive sell tail at 4928, rejected the break and the market rotated back inside the development. the market extended lower to a responsive buy tail at 4892, to close the session at 4897.
The market continues to trade within the development, with bias currently to the high side of the overnight range.
Key resistance is at 4933 and 4945.
Key support is at 4899 and 4891. A break at 4891 opens potential for a rotation to 4875. Key support follows at 4853/50.
Resistance: 4899, 4904, 4909, 4915, 4922, 4933, 4941, 4945
Support: 4891, 4884, 4879, 4867, 4862, 4853/50, 4835, 4830
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4880 to 4898
Overnight Session Closed 4901 to 4918
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 all
today's road map
have a great day, and good trades
ac
http://www.marketwatch.com/story/stocks-fall-sharply-dows-biggest-drop-in-over-a-year-2010-05-06
today's road map
have a great day, and good trades
ac
http://www.marketwatch.com/story/stocks-fall-sharply-dows-biggest-drop-in-over-a-year-2010-05-06
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