- The spike outside the rising wedge has failed.
- Price falling fast towards 50 Day SMA.
- Staying below 821 price likely to test 50 Day SMA.
- GOOGLE Analysis before Results
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 31, 2017
GOOGLE Rising Wedge and 50 Day SMA
ES Analysis after closing bell
- Falling price was stopped at the Triangle resistance line.
- Now 2272 and 20 Day SMA are crucial numbers for bears to close below.
- Many bulls got in after the Triangle breakout and above 2278 So If that breakout and 2278 becomes invalid many bulls would panic which can result in bigger falls.
- For that Scenario bears need to close below 2272 and 20 Day SMA till then Bulls are safe.
- GOLD Chart update
GOLD Chart update
- Gold 4 hour chart shows price bouncing back to the broken cloud and 100 Period SMA.
- Immediate strength and weakness levels are shown in one hour chart. Trading above 200 Period on closing basis may tilt the balance in favour of Gold bulls. Trading below 1190 will resume correction.
January 30, 2017
INTEL Day Week and Month at resistance line
- Intel daily, Weekly and Month time frames are testing crucial resistance line.
- Week closing above 38.45 will favour bulls for a major breakout.
- Weakness on week closing below 36 levels.
- TESLA Weekend Update
- SILVER Weekend Update
- RUSSELL 2000 BROADENING TOP
- GOLD Weekend update
ES Analysis before opening bell
- ES 4 hour chart shows price nearing previous resistance line which may act as support
- 38.2% and 2280 level is the immediate level for bulls to defend.
- If falls below 2280 Price may target 2277 and 2272 levels.
- GOOGLE Weekend update
- TESLA Weekend Update
- SILVER Weekend Update
- RUSSELL 2000 BROADENING TOP
- GOLD Weekend update
NIFTY Intraday update
- Nifty 15 Minutes nearing the cloud. When the trend is strong cloud in this time frame usually acts as support.
- One hour chart shows a Bearish candle at the top and the current move against the trend happening. Bulls will remain strong above 8600 levels.
- Last is the 5 minutes time frame which shows crucial levels for the Day.
- ICICI Bank Price Volume Action
NIFTY Morning update
- Nifty month closing above or near November month candle high's will keep the bullishness intact. This can also complete a possible morning start pattern Although this is not the appropriate place for the pattern It shows further bullish possibility.
- But one warning for Bulls is the Overbought RSI in daily time frame. So further bullish bet from here would be risky one.
- ICICI Bank Price Volume increase before quarterly results.
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