- Dow jones daily chart is shown with the resistance area of 12000 - 12300.
- Bulls are about to clear this level. Price has made a fast rise from the recent fall. Earlier price took support at the base of Ichimoku cloud as shown in the chart.
- If price closes above 12300 the upward momentum will gather momentum.
- Failing to clear this level on closing basis will favor bears.
Posted by San at 10:07 PM
Posted by San at 8:03 PM
- ES Hour chart is showing a range from 1305 - 1314.
- Bullish cross of 50 above 200 hour has worked well for the bulls.
- Price may move up from 50 hour moving average.
- Breaking 1305 will be negative for the bulls.
- SPY WEEKEND UPDATE CLICK HERE
Posted by San at 6:44 PM
Posted by San at 3:18 PM
- Line chart of bank nifty daily chart shows price moving up after breaking a resistance area.
- Price has made a successful close above 200 day moving average. Now bulls has to follows up.
- Third chart shows Three Occasions of price closing above 200 dma and failing to move up further. A higher close today for BN will extend gains up to 11600 levels. If 200 dma gets broken by the bears things will become Negative for BN again.
- DLF CHART ANALYSIS
Posted by San at 7:30 AM
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