My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 26, 2012
ES Support and resistance levels
- ES Four hour chart with resistance line and golden ratio.
- 50 period SMA and cloud of this time frame is crucial support. Holding this support could lead to another up move.
- S&P 500ANALYSIS AFTER CLOSING BELL
GOLD Resistance levels
- 50 SMA and falling resistance line may act as confluence of resistance.
- Gold daily candle closing above these levels may give a bigger up move.
- GOLD LONG TERM SUPPORT LINE
AMAZON Chart analysis
- Weekly chart shows price near the long term supporting trend line.
- Immediate resistance levels are the 200 day sma and the falling resistance line shown in daily chart.
- S&P 500ANALYSIS AFTER CLOSING BELL
NIFTY Weekly chart analysis
- Yesterday's dip found support at 20 Week SMA as shown in first chart.
- Second chart shows a potential bullish cross in the making. For this the weekly closing should be above 20 and 50 week SMA.
- Declining prices with falling volume will give hope for bulls for an up move.
- S&P 500 EOD UPDATE
S&P 500 Analysis after closing bell
ONE HOUR CHART
FOUR HOUR CHART
DAILY CHART
- One hour chart shows a possible double bottom formation. Price has to confirm the pattern by staying above the resistance level shown in the 2nd chart.
- Last chart shows price above 20 day sma. Sustaining above this moving average should result in a bigger up move.
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