January 1, 2013
- SPX One hour chart shows a perfect hammer reversal. Price is nearing the Golden ratio which is expected act as resistance. For bulls price is showing good upward momentum.
- Price closed below the Hourly Ichimoku cloud. Trading above the hourly cloud bulls should be able to extend gains in the coming days.
- FORD MOTOR BREAKOUT
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.