ASX 200 SPI CFD Trading - Elliott Wave Chart

SPI 15 Minute Chart - Elliott Wave Count - SPI CFD Trading

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: 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  

Indices  Trading CFDs Dow Jones, SPI SP500 FSTE Analysis  Part of the 7.30AM Report

Dow Jones CFD 12,096
TradingLevels: While the price is above 12,000 it’s supported and therefor can make that new high. There is also the bearish wave count that can see the market moving lower, so as mentioned yesterday we simply have to wait for a clearer pattern that can offer a stronger bias of direction
Elliott Wave: Positive count; the abc correction can be completed and the price can make a new high. Negative count would see the price stay under the 12,200 or 12,172
Trading Strategy:  It’s like the Euro is drowning and the Dow is trying to swim, trying to keep its head above water. There are two wave counts and neither are clear enough to call in a strong enough way. The SP500 is under 1250 and Shanghai is making new lows, the Dow seems to be on its own, however the ASX200 is also reluctant to move low from the 4200. I guess we could say that if the 12,150 high from last night is taken out we can then expect a new high, because the move up last night to 12,150 can be counted as and abc to that price point. Also adding to that if 12,100 develops support then that is a part of the bullish storey and if that is the case then being long on subgroup1 12,130 is the set up and on the short side the 12,072 as retested resistance is for the short side

S&P500 CFD: 1240
TradingLevels: SubGroup1 (SG1-1210|1220|1230) is a good support, however it’s the Midpoint 1250 as support that creates any long trades, while its under 1250 the market is bias bearish and therefore short trade set ups
 Wave count: Like the Dow there are two wave counts one positive and one negative, so that’s not much help to us.
Trading Strategy: It’s safer not to be long while the price is under 1250, as a straight out bet you would be short. The Euro is leading the way and the SP and Euro will pull together.

FTSE 100 CFD: 5492
TradingLevels: The Dax is trading down lower and the FSTE is trading higher like the Dow, the FSTE is retesting 5500, if it finds it as support then be long, if not the short would come under the 5472 as retested resistance
Elliott Wave: Same as the Dow, there are two possible counts, support on 5500 would offer bias bullish, but the divergence between the Dax and Fste maybe short lived as 50% of UK business in done in Europe
Trading Strategy: There is no clear direction with the wave count, so you either wait and see if support is developed at 5500 and then trade long from 5530 SG1 support or look at SG2 5480|5472|5465 as resistance, adding through these price points as resistance  

SPI CFD 4200
TradingLevels: 4200 is the line in the sand, support on 4230 SG1 creates the long trades and 4200 and SG2 4180|4172|4165 as resistances creates the scaling in of the short trade
Elliott Wave: A move under 4172 would create the current pattern at 4200 over the last two sessions corrective an abc and further downside towards 4100, however support on 4200 creates the upside, there are two counts in the US Indices and I am unclear which is right, so we have to wait. But support on 4200 and then 4230 SG1 is positive
Trading Strategy: Long on 4230 and short at 4172

Code: SPI CFD / ASX200 XJO
Date: 8 February
Chart4 Hour Chart
Still expect the market to push through the 4300 resistance.
The current 4272 support is critical if this is broken then expect the price back down towards 4220, if the 4272 hold then the price can move higher.
The Day Ahead Report Comments:
SPI CFD 4286
Technical Analysis
TradingLevels: Keeping it simple, resistance 4300 and support 4272 SG2
Elliott Wave:  The wave structure under 4300 is corrective, I will give it credits to the upside based on the moves to the upside as impulse waves and not corrective waves, but there is a lot of resistance at the 4300, the Shanghai is also struggling as pointed out yesterday. The Dow being up will be helpful today
Day Trading: If you going long then stops need to be under 4272
BHP Billiton Limited (BHP.AU)  Interim 2012 Results

Code: SPI CFD
Date: 28 February
SPI CFD 4269
Technical Analysis:
TradingLevels: Support is re-establishing on SG2 4265|4272|4280 the 4272 is the important level for support, this will offer a retest of 4300.
Resistance SG1 4310|4220|4330 and 4300 the pivot, we can expect the price to fluctuate in the SG1 SG2 range
Elliott Wave : There are two possible counts here, the Alternative count would see Wave ii) in place now and therefore a move above 4300 from here. And the second if the move up retesting 4300 is Wave b of an abc correction for Wave ii)
Day Trading  : long on support on 4272

Code: SPI CFD
Date: 13 March
SPI CFD 4210
TradingLevels: SG1 holds the price as resistance to 4200 and SG2 holds the price to 4200 as support, a break out from SG1 or SG2 is the direction of the trend.
As you can see the price has been working across 4200, we could assume that its two thirds of the way through its pattern, so another swing down to 4180 and then if the price climbs back about 4200, then we can expect the price to move up further, however if the price gets trapped under the 4200 then expect further selling
Elliott Wave:  In the slightly bigger picture if the price takes out the last low 4130 then you have a bear market and support on 4200 creates the upside, however expect more swings at 4200 first.
Day Trading: support on 4230 creates the long and 4172 as resistance creates the shorts, play in the market now while the price is trying to sort out the 4200 as support or resistance can get you into trouble, wait just a little long and you should be able to see support or resistance at 4200, this is the key to the next main trend, so it may take some time but the next trend will make it worth it

Code: SPI CFD
Date: 8 May
SPI CFD 4415
TradingLevels: mTL3|4300 top of MinorGroup1 support.
This is also the low of Wave (iii) and Wave (iv) text book rally would  be 38.2% of Wave (iii), Wave fours are normally sideways and complicated patterns, so bouncing along 4300…
Day Trading:  Subgroup1 (SG1) if the price develops support on top of SG1 4330 then expect the Midpoint to be reached 4350, if not then Wave (iv) will unfold down and sideways and eventually into Wave (v) in line with the Wave Count on the SP500, which you need to observe in off market hours i.e. Futures.