January 4, 2011

SPY Gap being filled

  • Yesterday's GAP being filled today.
  • Price is near 61.8% Fib level now.
  • Dip to 78.6% may fill the GAP completely.

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.