Index Trading Research and Analysis

Dow Jones CFD 11,580
TradingLevels: The bottom line is that while the price is above 11500 the MediumLevels the price is support and we can’t really short
Elliott Wave: The rally should complete about here, that is under the 11650, but the Gap at 11,800 is a bother? That is the 61.8% retracement level and while the price is above 11500 that is possible
Trading Strategy:  Normally, being above 11500 we would be long, but there is more evidence that this is a rally than a bull run so we simply have to tread lightly and be patient

S&P500 CFD: 1190
TradingLevels: Gap target 1212, current resistance mTL2 | 1200 support SG2 1172 zone, we can see that over the last two sessions the price has not really move much to the upside so it is struggling and there is a wave count that can call this move up completed, but only completed as Wave (a) of an abc correction
Wave count: I’m thinking that the move up is only the Wave (a) of an (a) (b) (c) correction
Trading Strategy: Expecting a move down from 1200 to 1172 SG2

FTSE 100 CFD: 5320
TradingLevels: Target Gap 5343 covered, the price has some support a 5272 | 5300 however the price like US Indices has been running out of stream in this area, so there is either a top or a larger corrective pattern to unfold?
Elliott Wave: I have to wonder if the move up is just the Wave (a) of an (a) (b) (c) correction, we have to keep this in mind when the move down starts as an option
Trading Strategy: Looking for your favourite short set up when you see weakness

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  

Day Trading Indices SPI CFDs

Code: SPI CFD / ASX200 XJO
Date: 19 January
Chart: 20 Minute Chart
Support 4230, 4250 is required as support for longs
EarlyBird Report Comments:
SPI CFD 4240
Technical Analysis
TradingLevels: Support on 4200 is in place the SG2 4265|4272|4280 is the resistance the 4272 is the key price point, there is also an overhead trend line as resistance through this area. The 4300 is obviously a target, it is the top of MinorGroup1 and support on this level creates the break away from 4000 and puts the target at 4500. As Gann would say it’s the fourth time that the price would break through and this would be this time.
Elliott Wave: Unsure of the wave count, however what I do know is that the waves up are impulse waves with corrective wave patterns to the downside so there is a trend established.

Day Trading Continue to trade long using the sublevels, today you would need 4250 as support. Thursday can open higher and trade lower.
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