December 16, 2012

  • Ford Motor weekly chart at crucial weekly resistance levels
  • Price near Weekly cloud, Ichimoku cloud and Resistance line and 100 Week SMA.
  • For a bigger up move week must close above these resistance levels. Further weakness at the current levels will favor ford bears.
  • S&P 500 WEEKEND UPDATE
 
  • Daily Chart shows strong support at 81 levels as 20, 50 and 100 SMA's converge at this level.
  • Weekly chart shows a bearish pin bar pattern But price managed to stay above 20 Week SMA. More falls if price falls below 20 Week SMA.
  • Daily MACD is also looking weak but need price to stay below 81.04 levels. Strength only if price stays above 83.8
  • S&P 500 WEEKEND UPDATE
-->


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