December 18, 2012

FACEBOOK Chart analysis

 
  • Facebook has given a Doji daily candle at 20 Day SMA. Price managed to close above this crucial moving average after violating the trading range.
  • Daily chart shows a MACD sell signal which will be effective only if price manage to stay below 20 Day SMA.
  • Last chart shows price testing crucial fib level in daily time frame.
  • APPLE BULLISH ENGULFING
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APPLE Bullish Engulfing

 
 
  • Apple daily chart shows a bullish engulfing pattern at crucial support levels.
  • Monthly chart hits the 20 Month SMA If price stays above this level we may see a good bounce. 
  • Weekly chart shows price near the base of weekly Ichimoku cloud which is a good place for a bounce. Bears need a weekly close below the cloud for a bigger down move.
  • S&P 500 ANALYSIS AFTER CLOSE
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S&P 500 Analysis after closing bell

 
  • SPX Daily chart found support at 50 Day SMA. 
  • Daily chart is yet to clear the falling and horizontal resistance lines. Close above 1440 will add strength for bulls.
  • Daily chart shows a close above the Ichimoku cloud which will favor bulls to extend the up move.



CRUDE OIL Chart analysis

 
  • Crude oil daily chart shows a triangle pattern.
  • Price above 50 Day SMA But nearing 200 Day SMA. This zone between 50 and 200 SMA is crucial for crude oil bulls. A bigger up move possible only on a triangle breakout and closing above 200 SMA.
  • Weekly chart shows a range between 23.6% and 38.2% Fib levels. Bigger moves once this range gets resolved.


December 17, 2012

SPY Chart update

  • SPY Daily chart reversing from 50 day SMA.
  • SPY 30 Minutes chart testing the cloud and Crucial fib levels. Closing above the cloud and Golden ratio may extend the up move.

ES Chart analysis

  • ES One hour chart shows a bearish cross with 50 Hour SMA and 200 Hour SMA. Price sustaining below these two moving averages may lead to further breakdown.
  • 4 Hour chart shows price testing the cloud. Price breaking below the cloud may give a bigger down move.
  • S&P 500 WEEKEND UPDATE
  • IWM WEEKEND UPDATE
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NIFTY Chart analysis

 
  • First chart is the daily time frame with MACD indicator which is getting ready for a sell. If macd gives a sell we may see a dip in price towards the up trend line.
  • Weekly chart is pausing at 78.6% Fib level and a possible resistance line. If price does not breakout above 5950 on closing basis we may see a bigger correction as shown in the last chart to form the handle of a cup and handle pattern.
  • BANK NIFTY LIVE CHART WITH AUTO REFRESH
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