October 31, 2012

 
  • SPY 5 Minutes shows a trading range which has to be resolved for a bigger intraday move to happen.
  • For bears price has to sustain below the 30 Minutes cloud for a possible breakdown to happen.
  • Daily chart also shows support at 38.2% Fib level.
  • ES RESISTANCE LEVELS
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  • ES 4 Hour chart with price testing horizontal resistance line.
  • ES at 4 Hour cloud and 38.2% Fib level.
  • DOW JONES WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
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  • Daily chart of BN shows a range breakdown. And if price sustains below 11244 levels we should see Bank nifty slipping below 11000 levels possibly towards 10800 area.
  • Daily chart shows 50 Day SMA at 10890 and a GAP just below this line. These two areas may act as support in daily time frame.
  • Weekly chart shows a rising support line which may act as crucial support level for BN
  • INTRADAY LIVE CHART FOR BANK NIFTY WITH AUTO REFRESH
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  • UUP Daily chart at the cloud.
  • Price is also testing the Range top and 50 Day SMA.
  • Breakout above 50 SMA shall extend the up move towards 200 Day SMA.
  • Death cross in daily chart may not give bigger up moves for UUP.
  • APPLE WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
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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