My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 12, 2014
May 11, 2014
QQQ Resistance levels
- Daily chart of QQQ Shows multiple resistance levels in 50 and 100 SMA. Daily cloud too is acting as stiff resistance level.
- Weekly chart is also forming a bearish pattern Provided price stays below 88.20 levels. Daily close above 88.20 levels may shift momentum in favor of Bulls of QQQ.
- APPLE WEEKEND UPDATE
May 10, 2014
SPY Analysis after closing bell
- SPY Daily chart shows price converging towards the apex of a triangle pattern. Looks like an ascending triangle which is mostly bullish.
- Price has support at 20 and 50 Day SMA. Price needs to close below these levels on closing basis for bigger moves to happen.
- Weekly chart shows the up trend continues without
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