- First chart is weekly time frame of Cisco. Price has hit the 20 week moving average.
- This up move will extend on a successful close above 20 week moving average.
- 2nd chart is the Daily time frame with 100 and 200 Day moving average.
- One can stay long above 100 DMA for a target of 200 DMA.
- LAST UPDATED ON CISCO - THE GRAVE STONE DOJI STARTED THIS UP TREND
- If the trend line shown in the first chart is held price should move higher.
- Breaking below the trend line will be negative.
- 2nd chart shows support areas for the correction
- 50 Period moving average and cloud will act as support on a correction
- ES TOOK SUPPORT @ 50 HOUR MOVING AVERAGE
- ES Hour hits 50 Hour moving average.
- Break below it can take it to the trend line.
- Getting support here can give an up move.
TODAY
YESTERDAY
- SPY 5 Minutes still remains in the range shown yesterday
- This one has to be resolved for a bigger move to happen
- Hour of silver with a triangle pattern
- Price is near the resistance line of the triangle.
- Important Resistance In hour is @ 40.32
- Support level is @ 38.85
- Breakout or breakdown from triangle should take out these levels for a bigger move to happen.
- ES TREND UPDATE
- ES hour chart with 50 Hour moving average and trend line.
- First chart shows bullish cross of 50 above 200 Hour.
- If price continue to stay above 50 Hour moving average bulls can go for Buy on Dips.
- Price breaking below 50 Hour moving average will give chance for Bears. Bears need to break the trend line in hour to reverse the trend in their favor.
- SPY 5 MINUTES CHART
CHART-III
CHART-II
- 5 Minutes channel has been broken in favor of bears.
- Now price should break 5600 - 5605 level for bigger correction to happen
- Staying above 5605 level will continue to favor bulls.
- Price getting back into the channel will make bulls stronger.
CHART-I
- Nifty 5 Minutes chart shows a steady up move.
- This channel has to resolve on either side for a swift up or down move to happen
