January 8, 2015

  • Apple daily chart near 50 Day SMA
  • 4 Hour chart shows possible resistance line.
  • For bigger up moves price must close above 114.77 levels.

  • ES 4 Hour has moved  above crucial 100 Period SMA.
  • Immediate resistance levels are the 4 Hour cloud and 78.6% Fib level.

  • First chart of infoys shows the GAP filling up moves. For now too price is dealing with a GAP.
  • Price for now is stuck below the Daily Ichimoku cloud. Bulls need price to get back above the cloud and close into the GAP for replicating the moves of first chart.
  • Last chart shows price stuck between 50 and 100 Day SMA. Closing outside this range may give bigger moves.

  • SPY Daily is trying to stay above 100 Day SMA
  • Weekly support seen between 198-201 which was previous resistance zone.
  • Bears need a close below 20 Week SMA for bigger falls to happen


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

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