December 30, 2015
December 29, 2015
- 4 Hour chart shows a bullish "W" pattern. The W is just the saucer part of a big cup and saucer pattern shown in daily time frame. But the bigger time frame is still favouring bears as price still stands below the broken trend line from 2011 lows. As long as price stays below this line bears will be interested in that big correction.
December 25, 2015
December 24, 2015
December 23, 2015
- Crude oil weekly chart shows price trying to stay above the falling support line or the support line of the falling wedge pattern. Current up move is moving towards a possible resistance zone between 38 and 40 and shown in chart 2 and 3. For a bigger up move price must sustain above 40 levels.
December 22, 2015
- First solar weekly chart shows a broad range between 39 and 74. Within this zone 66 is a crucial resistance area. Daily chart shows a golden cross but this one will perform well only if price is able to close above 66 levels. Previous golden cross did not perform well because of resistance at 66 levels. For bears immediate strength if price closes below 62 levels.
December 21, 2015
- Nifty month chart shows price getting support @ 38.2% Fib level for now.
- Weekly chart too shows the bounce from recent swing low, But the bounce is happening below the falling resistance line from 9119. As long as price stays below this line weakness can resume.
- 4 Hour chart shows immediate resistance levels. Price for now is pausing at 38.2% Fib level. If bulls manage to cross this area then the swing high of 7972 along with 50% retrace zone may act as stiff resistance level.
December 20, 2015
- Crude oil month chart shows price testing multi-year lows. Weekly chart shows a possible support line which is getting tested. If this line does not hold then CL should test 32 levels soon. If the support line holds then the positive divergence may come into play to give a decent bounce for crude oil.
- S&P 500 WEEKEND UPDATE
December 19, 2015
December 18, 2015
- Apple weekly chart shows a descending triangle pattern. It also looks like a Head and shoulders pattern. The right shoulder got resisted at 50 Week SMA. Now price is likely to test 104-105 zone which is a crucial support. For bigger correction this level must break on closing basis. 4 Hour chart shows immediate support level at 107.30
- S&P 500 Futures after closing bell
December 17, 2015
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