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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
Good Morning,
The SPI200 June 10 contract opened the Friday night session to a rejecting responsive sell tail at 4606, and rotated lower, to a distribution out of the establishing development. The distribution initially extended to 4568, although a midsession initiating sell tail extended the distribution to a rejecting responsive buy tail at 4486, with limited price acceptance (development ) along the range. The market rotated higher off the RBT @ 4486 and commenced further price acceptance in a 4486 to 4533 range.
The market has closed accepting prices in a new range following the distributive break Friday night. The development is in its infancy and the price range is still forming.
Key resistance is at 4549/53, 4565/68, a break opens potential for a rotation to 4583 initially and 4608
Key support is at 4496, 4486/83. A break at 4486/83, resumes the distribution lower. Key levels follow at 4445 and 4421.
Resistance: 4539, 4553, 4561, 4565/68, 4573, 4578, 4583, 4589, 4594, 4608
Support: 4524, 4510, 4502, 4496, 4486, 4478, 4467, 4452/48, 4445, 4435
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4614 to 4651
Overnight Session 4508 to 4578
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 the Friday night session to a rejecting responsive sell tail at 4606, and rotated lower, to a distribution out of the establishing development. The distribution initially extended to 4568, although a midsession initiating sell tail extended the distribution to a rejecting responsive buy tail at 4486, with limited price acceptance (development ) along the range. The market rotated higher off the RBT @ 4486 and commenced further price acceptance in a 4486 to 4533 range.
The market has closed accepting prices in a new range following the distributive break Friday night. The development is in its infancy and the price range is still forming.
Key resistance is at 4549/53, 4565/68, a break opens potential for a rotation to 4583 initially and 4608
Key support is at 4496, 4486/83. A break at 4486/83, resumes the distribution lower. Key levels follow at 4445 and 4421.
Resistance: 4539, 4553, 4561, 4565/68, 4573, 4578, 4583, 4589, 4594, 4608
Support: 4524, 4510, 4502, 4496, 4486, 4478, 4467, 4452/48, 4445, 4435
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4614 to 4651
Overnight Session 4508 to 4578
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 continued price acceptance in the new range yesterday. A midsession initiating sell tail at 4516 rotated the market to the low side of the development midsession, extending to a new distribution break, that was rejected with a responsive buy tail at 4476 and the market rotated back inside the development to close 4494.
The market initially rotated higher overnight to a rejecting responsive sell tail at 4533, which capped gains. The market rotated lower to a new distribution that was again rejected with a responsive buy tail at 4453, and once again the market rotated back inside the development to close 4524.
Several distribution attempts lower have been rejected and the market has returned to a balanced stance and continues to accept prices in the establishing development.
Key resistance is at 4549/53, 4565/68, a break opens potential for a rotation to 4583 initially and 4608
Key support is at 4512, 4486/83, and 4476.
Resistance: 4533, 4539, 4553, 4561, 4565/68, 4573, 4578, 4583, 4589, 4594, 4608
Support: 4524, 4510, 4502, 4496, 4486, 4478, 4467, 4452/48, 4445, 4435
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4496 to 4564
Overnight Session 4479 to 4524
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 price acceptance in the new range yesterday. A midsession initiating sell tail at 4516 rotated the market to the low side of the development midsession, extending to a new distribution break, that was rejected with a responsive buy tail at 4476 and the market rotated back inside the development to close 4494.
The market initially rotated higher overnight to a rejecting responsive sell tail at 4533, which capped gains. The market rotated lower to a new distribution that was again rejected with a responsive buy tail at 4453, and once again the market rotated back inside the development to close 4524.
Several distribution attempts lower have been rejected and the market has returned to a balanced stance and continues to accept prices in the establishing development.
Key resistance is at 4549/53, 4565/68, a break opens potential for a rotation to 4583 initially and 4608
Key support is at 4512, 4486/83, and 4476.
Resistance: 4533, 4539, 4553, 4561, 4565/68, 4573, 4578, 4583, 4589, 4594, 4608
Support: 4524, 4510, 4502, 4496, 4486, 4478, 4467, 4452/48, 4445, 4435
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4496 to 4564
Overnight Session 4479 to 4524
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 rotated lower in the opening phase yesterday, extending to the low side of the development and a rejecting responsive buy tail at 4458. The market rotated higher into the close of the session to close 4493.
Trading initially continued within the development in the night session. A midsession rejecting responsive sell tail at 4527 capped gains and the market rotated lower through the morning session to another distribution break that was short lived triggering a rejecting responsive buy tail at 4433, and commencing price acceptance in a 4433 to 4461 range into the close.
Key resistance is at 4461, 4476 and 4486.
Key support is at 4433, a break resumes the distribution lower. Key levels follow at 4421, 4396, 4386 and 4341.
Resistance: 4445, 4448/52, 4461, 4467, 4475, 4486, 4496, 4502, 4510, 4527, 4533
Support: 4433, 4421, 4406, 4396, 4385, 4379, 4369, 4359, 4341
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4470 to 4517
Overnight Session 4463 to 4516
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 lower in the opening phase yesterday, extending to the low side of the development and a rejecting responsive buy tail at 4458. The market rotated higher into the close of the session to close 4493.
Trading initially continued within the development in the night session. A midsession rejecting responsive sell tail at 4527 capped gains and the market rotated lower through the morning session to another distribution break that was short lived triggering a rejecting responsive buy tail at 4433, and commencing price acceptance in a 4433 to 4461 range into the close.
Key resistance is at 4461, 4476 and 4486.
Key support is at 4433, a break resumes the distribution lower. Key levels follow at 4421, 4396, 4386 and 4341.
Resistance: 4445, 4448/52, 4461, 4467, 4475, 4486, 4496, 4502, 4510, 4527, 4533
Support: 4433, 4421, 4406, 4396, 4385, 4379, 4369, 4359, 4341
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4470 to 4517
Overnight Session 4463 to 4516
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 triggered a responsive sell tail at 4435 in the opening phase yesterday. The market rotated lower commencing a new distribution break initially to 4395, with price acceptance in a 4395 to 4434 range. A late session initiating sell tail resumed the distribution lower.
The distribution continued overnight. An attempt to rotate higher was capped with a midsession rejecting responsive sell tail at 4407, and the market rotated lower to resume the distribution to a rejecting responsive buy tail at 4350. The market returned to price acceptance following the rejection in a 4351 to 4406 range.
Key resistance is at 4406 and 4433.
Key support is at 4396, and 4350.
Resistance: 4406, 4421, 4433, 4445, 4448/52, 4467, 4475, 4486
Support: 4396, 4385, 4379, 4369, 4359, 4341, 4336, 4322, 4319
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session: 4415 to 4502
Overnight Session: 4364 to 4395
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 a responsive sell tail at 4435 in the opening phase yesterday. The market rotated lower commencing a new distribution break initially to 4395, with price acceptance in a 4395 to 4434 range. A late session initiating sell tail resumed the distribution lower.
The distribution continued overnight. An attempt to rotate higher was capped with a midsession rejecting responsive sell tail at 4407, and the market rotated lower to resume the distribution to a rejecting responsive buy tail at 4350. The market returned to price acceptance following the rejection in a 4351 to 4406 range.
Key resistance is at 4406 and 4433.
Key support is at 4396, and 4350.
Resistance: 4406, 4421, 4433, 4445, 4448/52, 4467, 4475, 4486
Support: 4396, 4385, 4379, 4369, 4359, 4341, 4336, 4322, 4319
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session: 4415 to 4502
Overnight Session: 4364 to 4395
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 continued development yesterday in the establishing range. A midsession rejecting responsive buy tail at 4310/11 rotates the market back inside the development. An initiating buy tail at 4389 in the closing phase triggers a new distribution break out of the development.
The distribution higher was rejected in the opening phase of the night session, a responsive sell tail at 4435 rotated the market lower and the market resumed development in the establishing range. A tail has triggered in the closing phase this morning at 4352 to close 4346.
The market rotated back in the development overnight following a failed upside distribution break. The tail in the closing phase is yet to mature and indicate whether this is a rejecting responsive buy breaking the downside move or an initiating sell extending the market lower.
Key resistance is at 4352, 4364, 4389 and 4421
Key support is at 4325/18, 4293, 4256 and 4222
Resistance: 4352, 4359, 4364, 4379, 4389, 4396, 4406, 4421, 4435, 4445, 4452
Support: 4339, 4336, 4325/18, 4315, 4302, 4293, 4280, 4275, 4268, 4255, 4222
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session: 4268 to 4353
Overnight Session: 4368 to 4407
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 development yesterday in the establishing range. A midsession rejecting responsive buy tail at 4310/11 rotates the market back inside the development. An initiating buy tail at 4389 in the closing phase triggers a new distribution break out of the development.
The distribution higher was rejected in the opening phase of the night session, a responsive sell tail at 4435 rotated the market lower and the market resumed development in the establishing range. A tail has triggered in the closing phase this morning at 4352 to close 4346.
The market rotated back in the development overnight following a failed upside distribution break. The tail in the closing phase is yet to mature and indicate whether this is a rejecting responsive buy breaking the downside move or an initiating sell extending the market lower.
Key resistance is at 4352, 4364, 4389 and 4421
Key support is at 4325/18, 4293, 4256 and 4222
Resistance: 4352, 4359, 4364, 4379, 4389, 4396, 4406, 4421, 4435, 4445, 4452
Support: 4339, 4336, 4325/18, 4315, 4302, 4293, 4280, 4275, 4268, 4255, 4222
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session: 4268 to 4353
Overnight Session: 4368 to 4407
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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