- Yesterday's GAP being filled today.
- Price is near 61.8% Fib level now.
- Dip to 78.6% may fill the GAP completely.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 4, 2011
SPY Gap being filled
EURUSD Support and resistance levels
- EURUSD Daily chart with support and resistance levels.
- 50 Day Moving Average and 1.3496 level is will act as resistance.
- 1.3054 and 1.2967 levels will act as support.
- This range has to be resolved for larger movements to happen.
S&P 500 Futures Before opening bell
- ES Hour chart with support levels.
- First support is at 1264.50 Below this level next important support is at 1258.25.
- SPY INTRADAY UPDATE
- APPLE BREAKS RESISTANCE
Nifty Daily Analysis
DAILY LINE CHART
DAILY BAR CHART
- Nifty has been going up after closing above its 50 day moving average.
- Next resistance zone for nifty is between 6186 - 6233.
- Stochastic and RSI are in overbought zone But MACD is suggesting some more upside. Negative divergence is yet to be seen.
- So the best trade would be to stay long with a trailing stop.
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