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S&P 500 Negative Divergence

  • SPX 15 Minutes continue to diverge negatively without any result for bears.
  • Cloud of 15 minutes chart shows the smooth up move.
  • Cloud break of this time frame may keep the bears interested. Staying above the cloud will help bulls to push the price higher.

Posted by San at 11:07 PM 0 comments

CRUDE OIL Resistance Line

  • Crude Oil moving towards its resistance line
  • Having taken out the dotted resistance line price is expected to hit the main trend line before the next fall. Bearish candles at the trend line may hint of a correction. 
  • Breakout can give more high's for crude oil for possible targets of 102 and 104 levels

Posted by San at 9:57 PM 0 comments

Triangle of QQQ

  • QQQ Triangle pattern in daily chart which can give good direction.
  • Closing above 50 Day SMA may give good direction for bulls.
  • For bears a short trade is possible below 54.17


Posted by San at 7:02 PM 0 comments

Rising Wedge of S&P 500 Futures

  • ES Hour trend remains up and Bulls are safe above 50 Hour SMA and the Hourly ichimoku cloud.
  • Hour chart shows a possible bearish reversal pattern a rising wedge.
  • But there are cases of rising wedge breaking the resistance line and acted as continuation breakouts.
  • SPY MOVING UP WITH DECREASING VOLUME

Posted by San at 5:15 PM 0 comments

NIFTY Analysis

  • Description in chart click to enlarge.

Posted by San at 8:38 AM 3 comments

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