- Dow Jones weekly chart.
- Index is trading near 11400. So in all likelihood Dow will close the week above 11257.
- close above 11257 will confirm a breakout in weekly chart as well.
Posted by San at 10:29 PM
- USDJPY daily chart with the resisting trend line.
- Currency pair will remain under pressure as long as it stands below this trend line.
- Break of 80.24 may trigger the next down move for this pair
- Apple is showing a resistance level of 318 and the main support now is at 300
- Next upward push for Apple will come when the stock crosses 318.
- Crossing 318 will push apple towards 330 levels.
Posted by San at 7:00 PM
- ES Weekly chart with likely resistance and target levels
- 1212 will be the next level for index to cross.
- If a weekly closes above 1212 happens ES will target 1237 above 1237 the next target is at a distance which is 1290.
- For now ES should close above 1212 for sustaining the up move.
- SPX ANALYSIS AFTER CLOSING BELL
Posted by San at 6:28 PM
- NF closing above 6271 should be good for the bulls of nifty.
- 6271 was the highest closing price in recent times for nifty futures.
- NF is trading near 6290 region now. So closing should be above 6271 and near the high of the day which is enough to hold the longs for next week.
Posted by San at 3:11 PM
CLICK TO ENLARGE THE CHART
- The trend line drawn from the low made in july 2008 is acting as resistance.
- Last month high of 6284 hits this trend line and has given a correction.
- Drawn this to show that past history in stock market does help in predicting the future.
Posted by San at 11:07 AM
- If BANK NIFTY Trades above 12960 will mean breaking out of the broadening top pattern.
- Trading below this level means getting resisted at the top of the broadening pattern.
Posted by San at 8:53 AM
- Nifty is trading above the 20 day simple moving average and the 5 day high EMA.
- Gap that was created during the week is not yet tested.
- Next resistance for nifty is at 6223 and 6284.
Posted by San at 8:29 AM
- S&P 500 4 hour chart with resistance and support lines.
- Index has broken the resistance line and has closed the day above the crucial resistance area of 1196.
- Index has closed near high of the day. So we may see a gap up opening tomorrow.
Posted by San at 1:45 AM
- Bulls should have stayed above 1196 for crossing 1200 which has not happened.
- Below 1187 bears will become stronger
- If price stays between 1177 and 1187 it may not be too bad for the bulls They can try for a fight back before end of day.
- If price breaks 1177 that will be negative news for the bulls and may lead to a complete reversal of the trend.
Posted by San at 12:06 AM
- The gap is filled.
- SPY 5 minutes chart with the GAP which is getting faded.
- If price breaks 118.93 today the GAP will be filled by the end of day.
- Price is showing resistance at 119.34 break above 119.34 will take it to 119.76. Till then price will remain in this range of 118.93 to 119.34
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