March 18, 2013

4 HOUR CHARTS
 
ONE HOUR CHART
  • APPLE 4 Hour charts are approaching crucial resistance levels.
  • 4 Hour cloud and 100 period SMA will be tough to cross for apple bulls.
  • One hour chart has moved above 50 and 200 Hour SMA. Sustaining above these two levels may lead to bigger up moves. So apple bears need price to fall back below 200 Hour SMA.
  • ES CHART UPDATE
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  • Last chart of ES Shows the one hour time frame with the broken channel which may act as resistance level.
  • Price found support at 38.2% Fib level and 100 Period SMA shown in four hour chart. Now price is nearing possible resistance levels.
  • ES UPDATE
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  • Nifty will continue to favor bears below 50 Day SMA and Golden ratio.
  • Last chart shows daily line chart. Bulls are safe above the middle line of the channel. Once price closes below the middle line we could see a larger correction.
  • S&P 500 FUTURES CHART ANALYSIS
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  • ES one Hour chart shows channel breakdown.
  • Four hour chart shows crucial fib levels.
  • Last chart shows price below 50 period SMA and moving towards 100 SMA.
  • GOOGLE 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