March 8, 2015

  • SPY Daily chart shows price falling back into the range.
  • Price for now is above crucial moving averages like 50 and 100 SMA
  • Last chart shows Bearish MACD Cross. More weakness if 206 levels is broken on closing basis.
  • FACEBOOK Weekend update

  • Pair continues to sell off as it nears the daily cloud.
  • Month chart looks set to break below 1.07 levels. Pair has already broken below Golden ratio. Now next target could be the 80% retrace level.
  • Bearish targets can be achieved easily if price remains below the daily cloud. Strength can be seen only if the Pair is able to move back above the daily cloud.
  • FACEBOOK Weekend update
  • Apple weekly RSI and price shows good negative divergence favouring bears.
  • Bulls could not keep price above 20 Day SMA. Price made another close below this level.
  • If price stays below 23.6% Fib level then correction could extend towards 50% Fib level.


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