June 4, 2013

  • SPY One hour chart rising from 200 Hour SMA is approaching the falling resistance line, 50 Hour SMA and Hourly cloud, Multiple resistances may lead to a reversal.
  • BULLISH ENGULFING COCA COLA
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  • ES Getting support at a previous range for now as shown in four hour time frame.
  • One hour chart shows price testing crucial fib level. 
  • Second chart shows possible resistance lines if the up move continues.
  • BULLISH ENGULFING COCA COLA
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  • Blackberry daily chart testing support line.
  • Stock will continue to be weak as it stays below 50 and 100 day sma.
  • Price unable to stay above 100 Week SMA  For a bigger up move price must stay above this level.
  • BULLISH ENGULFING COCA COLA
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  • KO shows a bullish engulfing pattern at 100 Day SMA.
  • Price also took support at the base of the cloud.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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  • Nifty one hour chart with fib resistance levels.
  • Second chart shows price below 50 and 200 Hour SMA Which may act as resistance levels on up moves.
  • Last chart shows crucial support line in two hour time frame which has to break for the down move to continue. For now price is trying a bounce from the support line.
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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  • BN Near crucial support levels in week and daily time frames.
  • If 100 SMA or 20 Week SMA holds a bounce is likely before the fall could resume. 
  • Intraday strength on price sustaining above 12500 levels. Weak below 12320 levels.


  • SPX one hour chart shows price getting back above 200 Hour SMA and crucial support resistance level.
  • Daily chart shows resistance at the broken 20 Day SMA.
  • Hour chart shows resistance at the One hour cloud and falling resistance line.


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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