November 19, 2012

 
  • Gold near 50 day SMA.
  • 1736 - 1738 is a possible resistance area as shown in the second chart.
  • 4 Hour chart shows price pausing at 50% Fib level. A bigger up move possible if price closes above 50 Day SMA.
 
 
  • SPX Daily chart back to 200 Day SMA.
  • Hour chart with cloud shows price pausing at the hourly cloud.
  • If price crosses the above levels we may see a bigger up move possibly towards the falling resistance line shown in last chart and the resistance zone shown in 4 Hour chart between 1397 and 1403.




 
  • Facebook chart approaching Range Top at 24.54 and the Unfilled GAP between 24.54 and 26.73.
  • Daily chart shows good momentum as Daily closed above 100 Day moving average on Friday.
  • Now the GAP and Range top should act as stiff resistance. A bigger up move may happen if price closes above the range and In to the GAP.
  • S&P 500 ANALYSIS AFTER CLOSE
  • QQQ WEEKEND UPDATE
  • APPLE WEEKEND UPDATE



 

  • Price near crucial support levels for Bank nifty. Along with the Horizontal support levels price is also near 50 Day SMA and 5 Week LOW EMA. 
  • MACD of Weekly chart is nearing a sell signal But Price needs to break all the support levels mentioned above for it to work well. Week sustaining above 5 Week Low EMA on closing basis may not give bigger gains for bears of BN.
  • BANK NIFTY INTRADAY LIVE CHART WITH AUTO REFRESH
  • ES One hour chart shows price above the falling resistance line
  • Price about to move above the Hourly cloud. Price need to sustain above the cloud for this up move to extend.
  • Four hour chart shows a possible resistance level at 23.6% Fib level.
  • S&P 500 ANALYSIS AFTER CLOSE
  • APPLE WEEKEND UPDATE



  • IWM Weekly chart below 50 and 100 Week SMA. Weekly stochastic is yet to reach oversold zone and It is yet to show a turnaround. If 38.2% Fib level and Last week's low 76.13 fails to hold we may see more correction in IWM.
  • If Friday's up move holds then we may see price moving towards 50 and 100 Week SMA. Falling resistance line shown in last chart could be the target if the Bounce continues.
  • S&P 500 ANALYSIS AFTER CLOSE
  • APPLE WEEKEND UPDATE
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"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