November 24, 2011 5:40:59 PM by
Peter
Code: SPI CFD
Date: 24 November
Chart: 2 Hour Chart
US Holiday tonight
The 4000 is obviously significant and can cause a bounce / support, the larger Elliott view is further downside. The 3800 is the 61.8% of the 2009 rally, so that is also important.
EarlyBird Report Comments:
SPI CFD 4030
TradingLevels: There is support around 4000 for the ASX200 and the SPI this is psychological, the 61.8% is at mTL8 | 3800 Indicator will be presenting over sold signals but as always use each level as support and resistance, try and work out the Elliott pattern within the degree time frame you are working and check on the volume to confirm the price action
Elliott Wave: Its more important to work the levels now that the 4000 is on the door step, the Elliot wave count is down
Trading Strategy: Expect the price to sink into 4000. One of the better times to get a position in the SPI is in the US afternoon session, the current daylight saving is on your side, but I guess if you up at that time you may as well trade the Dow as it moves faster.

December 23, 2011 5:25:15 AM by
Peter
Index Trading SPI / ASX200 Technical Analysis & Day Trading
Code: SPI CFD / ASX200 XJO
Date: 23 December
Chart: 4 Hour Chart
when the price is above the 4200 MinorLevel Pivot the weight and balance line in the next higher degree of pattern e.g. The larger triangle pattern the price will travel more freely. There is supply / resistance at SG2 {4165|4172|4180} and the 4200 (mTL2)
The next step up is finding support on the Midpoint 4150 this is essential support, you need a a retest pattern checking for support on this price before adding to longs or moving in long. The Support in the market is back in SG1 {4130|4120|4110} stops technically should be at 4117 and if you trading the Impulse wave, i.e. the trend. Then you can’t move stops until the Midpoint 4150 is secured as support. Navigating through SG2 is going to be tricky as the supply is thick and the Xmas volume is light.
EarlyBird Report Comments:
SPI CFDs 4141
Technical Analysis
TradingLevels: Build long trades above 4100
Elliott Wave: Wave (iii) up
Day Trading Strategies: Build a long trade off the sublevels.
