July 8, 2012


  • SPX has closed the day below 100 Day SMA.
  • 50 and 20 Day SMA is about to give a bullish crossover. Both moving averages are at the same level price may find support at this area.
  • Bulls lost the intra week gains and closed below 20 Week SMA. 
  • Weekly MACD at make or break level. We may see either a big buy signal or continuation of the prevailing sell signal as happened on the left side.
  • QQQ CHART ANALYSIS


Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore