- Apple rising wedge breakdown in hour chart.
- Supports are at 321.65 and 319.
- At present stock is pausing near 321.65 break of this level can give 319.
- EURUSD AND US DOLLAR CHART ANALYSIS
December 31, 2010
- We had a breakdown from H&S pattern. But bears are not able to gain momentum.
- If price does not trade below 1248 This will end up as another H&S pattern that's failed.
- ES Hour chart with head and shoulders pattern.
- Since the failure rate of this pattern is high these days Neck line can be used as a support line too.
- Price may go down only if it sustains below 1251.50 for some time.
- Main support below 1251.50 is at 1245.50
- S&P 500 ANALYSIS AFTER CLOSING BELL.
- S&P 500 gave a negative day followed by the shooting star of yesterday.
- Break of 1255 area may give good gains to bears.
- But the hour is trending up above the cloud and the trend looks strong. Bulls may become weak only if price trades below the cloud.
- 30 Minutes chart shows the possible trend line support in case of a correction.
- SILVER RESISTANCE LEVEL
- ES SUPPORT LEVEL IN HOUR CHART
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