- Dow jones Hour chart with fibonacci ration for the recent fall from 10593 to 9614.
- The index is finding resistance exactly at 50% retrace level, that comes around 10100.
- If goes above this level with good volume the index will regain 10200 level where the next fib level of 61.8% is situated which will act as the next resistance
- Look how the fib ratio is coinciding with the important resistance level of 10200 for Dow Jones.
- S&P 500 END OF DAY ANALYSIS
HOUR CHART
DAILY CHART
HOUR CHART
- I was expecting 1046 to put up a fight against the bulls but that was blown away in seconds.
- Now in daily chart it has captured the 10 DAY moving average.
- Next resistance will be around the 20 DAY moving average. still trading below 20 and 50 DMA which will be selling points.
- The hour chart is also showing a possible 20 hour moving average crossing 50 hour moving average which will also add some more bullishness to the index.
- SHOWED POSITIVE DIVERGENCE YESTERDAY CLICK HERE TO SEE THE CHART
- Nifty futures has given a grave stone doji
- When it comes at the top of the trend it is negative.
UPDATED CHART
- Nifty futures got resisted at 5337 as expected
- It seems it will take another strong wave of buying to take out 5337 and 5350
- Three important resistance points that nifty futures must stay above.
- 5337 is the first one above that it is 5350 and 5371 respectively.
- Good gap up seen in nifty futures.
- The GAP may not be filled fully if bulls are stronger they will be hoping this turns out to be a runaway gap. But a pull back can be used as a buy on dip opportunity.
- For a sustained up move till 5400 and above nifty futures and nifty spot should close around 5300 today.
- The weekly close tomorrow is also important a weekly close above 5300 will be very positive.
- NIFTY INTRADAY AND 5 DAY LIVE CHART
- NIFTY DAILY CHART ANALYSIS
NIFTY SPOT DAILY CHART
NIFTY SPOT WEEKLY CHART
NIFTY FUTURES HOUR CHART
- Nifty daily chart is showing a consolidation triangle like pattern which will give direction soon
- Nifty weekly chart is looking weak because of bearish candlestick patterns. But that can change if nifty manages to close near 5300.
- Nifty futures hour chart is holding on to its support at 5035-5050 lets see if holds.
- The S&P 500 and Dow Jones closed more than 2% up see the end of day analysis for those indexes below.
- Dow jones end of day analysis
- S&P 500 analysis after closing bell
DAILY CHART
WEEKLY CHART
- The channel in daily chart is broken decisively.
- It is now trading above the 10 day moving average and the current momentum should take it pass the 20 DMA.
- So if the week trades successfully above 10000 the real test for the bulls will be at around 10200 that's were the 50 WEEK moving average is standing now.
- And there is a down trend line i have drawn in the weekly chart so crossing there two points will be quite an achievement by the bulls.
- S&P 500 analysis after closing bell
