My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 16, 2013
S&P 500 Futures chart update
- ES one hour chart shows the levels which bears must break to extend this down move.
- Bulls need to protect 50 Day SMA to avoid a bigger fall.
- 4 Hour chart shows the broken support levels which may act as resistance if price bounces from here.
- SPX Analysis after closing bell
S&P 500 Analysis after closing bell
- First chart shows price correction from the channel resistance line.
- If 50 SMA does not give support this fall could target 1620 - 1630 area.
- GOLD Support and Resistance levels
GOOGLE Triangle update
- Google triangle breakdown continues to do well for bears.
- Price has closed below 100 Day SMA.
- Next level for Google bulls to protect are 843-848 zone. for bigger falls to happen
- GOLD Support and Resistance levels
GOLD Support and Resistance levels
- GOLD 4 Hour chart shows price closing above resistance zone.
- Daily chart has violated 100 Day SMA. Bulls of gold need a close above this zone to strengthen this up move.
- Last chart shows potential targets or resistance levels for the current up move. Broken resistance levels and 100 Day SMA may act as support.
- SILVER Trend update
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