January 3, 2011

  • SPY 30 Minutes chart with triangle breakout and today's morning GAP.
  • Price has moved too far away from the GAP so this may not be filled today.
  • APPLE BREAKS RESISTANCE

  • APPLE Hour chart with today's gap.
  • Price breaks the resistance by leaving a gap in hour chart.
  • If price closes above 326.55 this gap may not be faded.
  • ES SUPPORT LEVEL IN HOUR CHART

  • ES Hour chart gave a breakout above 1258.25.
  • 1258.25 will act as the immediate support level in hour time frame.
  • S&P 500 WEEKEND UPDATE
  • TRIANGLE OF MICRON TECHNOLOGY

WEEKLY CHART
DAILY CHART
MONTHLY CHART
  • Nifty Weekly chart shows breakout above a resistance line
  • Daily chart with price trending up above 5 day high ema.
  • Month chart shows nifty spot highest closing price on a monthly basis.
  • All points to a bullish start for the year. 
  • Let's see if bears have an alternate plan.

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore