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.

CFD Trading Report S&P500
Elliott Wave US dollar is lower across the board after a gap on Sunday against all FX major currencies. The S&P Futures also gaped higher for around 20 points from 1153 Friday close on news that IMF is preparing a EUR 600bln loan for Italy in case the country’s debt crisis worsens. We however warned on you already on Friday about potentially US dollar weakness when the S&P500 (cash market) moved into a wave three support zone. On the updated S&P Futures chart we can see that wave (iv) is now in process, which means that downside remains in play for this market, while prices trade below 1217 on a “daily close basis”. So once the S&P Futures will find a resistance in wave (iv) and will move lower into a wave (v), US dollar will continue higher! However, be patient for, cause thats still not the case!

Code: SPI CFD Trading
Date: 30 November
Chart: 2 Hour Chart
I have added an ‘Alternative’ bullish wave count in green text as the Asian markets appear more bullish than the US Markets. Support on SG1 of 4100 that is 4130 would help trigger this scenario now, of we would have to wait for the pull back as Wave (ii).
We also need to continue to follow the wave count in line with the US Markets, but as mentioned in the EarlyBird Report the Dow Jones would need to lock under 11500 the MediumLevel to help confirm the downside.
So the 4130 as support for the upside and 4072 as resistance for the downside and the Wave b) or Wave (ii) so there is a certain amount of understanding and navigation to be done at 4100, it is the line in the sand and we are looking at all the possibilities
EarlyBird Report Comments:
SPI CFD 4100
TradingLevels: The 4100 as support or resistance is the play, expect a small corrective pattern here, If and when the top of subgroup1 4130 develops as support then you can add to longs, with the target at 4150
Elliott Wave: Yes the 38.2% retracement level is the 4100 (mTL1) however we have to consider the move up as just Wave a) of Wave (iv), do there is Wave b) and Wave c) to come, an abc zigzag pattern, it is possible that the Wave (iv) is completed at 4100 now, but we have to look at all the possibilities when using Elliott and then eliminate them based on evidence.
Trading Strategy: Expect the price to work down below 4100  
SPI CFD Trading Report - Technical Analysis Index Trading

Code: SPI CFD / ASX200 XJO
Date: 9 December
Chart: 5 Minute Chart
Target 4172
EarlyBird Report Comments:
SPI CFD 4220
TradingLevels: The price under 4272 is bias short
Elliott Wave: The pattern at 4300 and below is more bearish looking that bullish, the structure appears to be in a series of waves one and two’s to the downside
Trading Strategy: The move down in the US Indices is not confirmed as a impulse wave down yet, it only has three waves down which is bullish corrective, it can however turn into five waves down in the session or maybe this session as there is still an hour and a half to go until the close a move to 11900 should do it.
China CPI figures at 12.30.

Code: SPI CFD / ASX200 XJO
Date: 12 December
Chart: 1 hour Chart
Expecting new high, but expect a struggle from 4272 - 4333
EarlyBird Report Comments:
SPI CFD 4255
TradingLevels: The price will attempt to get back above 4300 the top of Minor Group1
Elliott Wave: Same as the other indices, looking for five waves up from the last low 4165 technically a move above 4350
Trading Strategy: Trade the sublevels looking for support on SG2 4230 then 4250 the resistance is 4272 and the beginning of supply News: 11:30am  AU Trade Balance