CHART-III
- SPY Breaks the resistance line as discussed in the second chart.
- If price sustains above the breakout level next target is 130.40 level
CHART-II
- SPY Hits the resistance line.
- Price momentum is with the bulls so a breakout is likely to happen.
CHART-I
- SPY Four hour chart with resistance line.
- Price may reach 129.50 level.
- Further up move will be possible only if price sustains above the resistance line shown in the chart.
- SPX ASCENDING TRIANGLE
CHART-III
- It looks like we will see 1300 before the close of day.
- One of those Ascending triangle breakouts which worked perfectly.
CHART-II
- Price hits 1292.
- Sustaining above this level will push price towards 1300.
CHART-I
- SPX 15 Minutes chart with an ascending triangle pattern.
- If price sustains above the GAP it will target 1292 and 1300.
- Nifty weekly chart shows a bearish picture.
- Bears are showing multiple bearish pattern breakdowns like Head and shoulders, Descending Triangle etc.
- Bearish cross looks strong and will be intact as long as 20 week moving average is conquered by bulls.
- Only bullish possibility that i can think of in the first chart is that of a double bottom formation for this to happen 5177 and 5195 has to be intact and before a bullish move can happen we might see range trading for one or two weeks. So for a bullish move to happen price has to consolidate here and it should not make new lows.
