GLD Weekend update

• GLD Closed above 200 Day SMA.
• Week closed above 20 Week SMA.
• Immediate resistance at 38.2% Fib level(137.3). If price breaks above 38.2% Fib level up move may extend to Weekly upper bollinger band.
• SILVER Weekend update

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SILVER Weekend update

 

 

• Three resistance levels for Silver. First and the Immediate one is the 200 Day sma at 25.05.
• Weekly chart shows price moving towards Upper bollinger band which may act as resistance.
• If price is able to trade above the Upper BB then it may target the Support zone of the Descending triangle 26.02 - 26.36.
• FALLING Wedge of INTEL
• S&P 500 Weekend update

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S&P 500 Weekend update

• Weekly chart of SPX has given a hammer candlestick at Weekly Middle Bollinger band.
• The down move was arrested near 100 Day SMA and price managed to close above 50 Day SMA.
• Daily stochastic is at oversold levels, up move from here should reach 1680, Price sustaining above 20 Day SMA may give a bigger up move.
• HEWLETT Packard weekend update
• FALLING Wedge of INTEL

Falling Wedge of Intel an update

• Intel continues to trade inside the Bullish Falling wedge pattern of daily chart.
• Price is closer to the Weekly rising support line.
• One more decline if happens will hit the Trend line and Weekly Lower Bollinger band which may lead to a reversal of the current move.
• HEWLETT Packard weekend update

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HEWLETT Packard Weekend update

• Hewlett Packard Daily chart shows price below the cloud.
• Weekly chart has broken below the up trend line and Weekly MACD lines has given a bearish cross.
• Last chart shows price testing 100 Week SMA. Further correction only on price breaking below 100 Week SMA.

NIFTY Weekend update

• Nifty weekly chart has given a bullish hammer pattern. Now a  perfect pattern as the tail looks a bit long. Tail area shows buying support at lower levels, If price starts to fall this zone may act as support.
• 5494 is the Day High EMA which has to be crossed on closing basis. Above day high ema price may target 38.2% Fib level.

ES Resistance levels

• ES 4 Hour chart nearing crucial resistance levels.
• Bears will become weak if price starts to trade above these levels.
• SILVER Chart update