December 11, 2013

ES 4 Hour chart update

  • 4 Hour closing below 23.6% may extend this fall towards 200 period sma.

ES Support and Resistance levels

  • ES Hourly cloud testing 100 Hour SMA. Price also near a rising support line and Hourly cloud bottom.
  • Bears need to sustain below 100 Hour SMA to extend this fall.

FACEBOOK Chart update

  • Facebook daily chart shows price closing above 50 Day SMA. But price is trading the golden ratio. Facebook bulls need a close above this level to extend the up move towards 54.8 levels.
  • Weekly bullish candle continues to perform well. A Bullish close for the current week is likely to extend this up move towards 84.82 levels.
  • SLV Weekend update

DLF Triangle pattern

  • DLF Daily chart is testing the breakout from a triangle pattern. Price closing back into the triangle pattern may result in bigger falls.
  • Weekly upper bollinger band is acting as strong resistance level.
  • Bullishness only on closing above 166.2 levels. Bearish below 156.8 level.
  • TATA MOTORS Weekly resistance line