NFLX Weekend update

• NFLX Daily charts shown with 50 day moving average trend lines and support and resistance levels.
• First chart shows the stock in a clear up trend above the 50 day moving average. The correction that is happening now will be a chance to get into this stock. Price will form a basing formation around 50 DMA before the next up move.
• Trend line in daily chart has given support for now. Important support levels for the stock are 178.5 and 170.80 levels. If price manages to stay above the trend line we will see the up move soon.
• Bulls should worry only if the trend line and 50 DMA gets broken. Weekly close below these levels will be negative.
• NFLX CORRECTION WAS FOLLOWED BY THE DARK CLOUD COVER PATTERN SHOWN IN THIS POST
  
  

CNX IT - Bull Flag Breakout

CHART-II

• BULL Flag has given a clean breakout.
• LINK TO THE POST

CHART - I SHOWN ON 27th NOVEMBER

QQQQ Triangle pattern

• QQQQ 30 minutes chart with triangle and selling zone.
• Breakout from triangle should close above the resistance zone (54.55 - 54.73).
• Breakdown should sustain below the 50 hour moving average to give good results for the bears.
• DOW JONES HOUR CHART ANALYSIS
  

SPY Hour chart analysis

• SPY Hour chart with today's GAP and 50 hour moving average.
• 124.02 is an important support. Hour closing below this level will be negative.
• Price is trading below 50 hour moving average. If price manages to get  back above 50 hour moving average the GAP may get filled.
• DOW JONES HOUR CHART ANALYSIS
  

Dow Jones Support and resistance levels

• Dow Jones hour chart is trending up above 50 hour moving average.
• Important  levels for today are 11471 below that level we have the 50 hour moving average and then 11422.
• Resistance is at 11512 break above this level will give an up move. Break of 50 hour moving average will be negative.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

S&P 500 Analysis after closing bell

SPX 30 MINUTES CHART

SPX 60 MINUTES CHART WITH 50 HOUR MA

SPX DAILY CHART

• SPX 30 minutes line chart shows the v shaped reversal. Price came down from 1246 levels to 1232 level But bulls managed to retrace fast. 78.6% retrace is completed. Staying above 1240 will help bulls cross the recent high easily.
• Price did not last too long below 50 hour moving average. Price was there for few hours but managed to close above it again. Bears should make it sustain below 50 Hour MA for some bigger falls to happen.
• Daily chart shows that much of the negative price action created by the shooting star candlestick has gone now. If price manages to close above the tail of the shooting star it will clear the way for next up move above 1250.
• BAIDU GIVES A SELL FROM ITS DIAMOND PATTERN
  

S&P 500 Futures Before opening bell

• First chart shows ES hour in a descending channel.
• Price should sustain above 50 hour moving average and the black trend line for resuming the up trend. till then it is an easy sell on rise.
• Second chart shows price struggling to stay above the cloud and 50 hour moving average. We had one such breakout attempt yesterday which was got sold off.
• BAIDU GIVES A SELL FROM ITS DIAMOND PATTERN