S&P 500 The death cross is here

• This is the daily chart of S&P 500 with 50 and 200 DMA's
• The 50 day moving average is touching the 200 day moving average
• This will add some more bearishness to the markets

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Dow futures Inverted h/s and fifty hour moving average

• Dow Futures Hour chart is trading near its 50 hour moving average.
• During the down trend these are the places to go short.
• But there is a possible inverted head and shoulders pattern developing with neckline around 9730.
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EUR/USD second attempt to conquer the cloud.

• EUR/USD pair daily chart is shown with ichimoku cloud.
• And this is the second time the pair is looking to go above the cloud after its fall below the cloud at 1.47 region.
• The first attempt ended in failure with the 50 DMA and the cloud stopping it from going above.
• The pair in this attempt seems to have cleared some distance from the 50 DMA. And the patterns from which the pair is trying to reverse is also looking good. The only negative point was the volume which i showed in my earlier post CLICK HERE TO SEE VOLUME ANALYSIS OF EUR/USD.

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EUR/USD is taking a pause after break out

4 HOUR CHART

DAILY CHART

• The first chart is the 4 hour chart of EUR/USD with volume.
• If you notice there is no substantial increase in volume during break out.
• And the in daily chart the price is still trading below the ichimoku cloud. 

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Nifty Futures Four hour chart

• Nifty Futures 4 hour chart.
• It is showing a bull flag
• And it has given two false break outs.
• It looks like it may break out again. If it fails again nifty will fall below 5225 and below 5200.
• A Successful break out will fetch 5400.

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NIFTY 5 minutes chart with flags

UPDATED CHART

• 50 EMA has been giving good support in the 5 minutes chart
• If it gives support again an up move possible.
• If not the lower trend line will break and a correction will follow

Nifty's support and resistance line s in daily chart

• Above i have shown nifty futures chart.
• One can hold longs till the support line is broken.
• The resistance line also has been tested many times. So a Break out with good volumes should take nifty to 5400

Nifty week chart with grave stone doji

• Nifty's last week had formed a grave stone Doji.
• I failed to notice it last week itself. the lower shadow should not be there for grave stone doji But in this case it is very small.
• So what is the result?. If we don't take out the high of that candle, that candle should be the top for us for quite some time to come.

ABAN OFFSHORE at the fifty day moving average

• ABAN has been moving up in daily chart having broken out of an inverted head and shoulders pattern in daily chart.
• Now after moving up nearly 50 points from the neckline it is testing the 50 DMA.
• Those who are holding long can confirm the strength of the up move if it makes a strong close above the 50 DMA this week

Dow Jones analysis after closing bell

• It seems that the daily candle is a hammer. If we don't consider the small shadow at the top of the candle it is a perfect hammer. 
• The 4 hour chart is showing positive divergence in moving average oscillator. 
• The death cross looks almost certain to happen. 
• Some time before or after the cross there will be rally towards the 50 day moving average which will be sold off.

US MARKET UPDATES S&P 500 Trading range breaks on the down side Effect of bearish engulfing in apple inc Positive Divergence Dow Jones weekly rising wedge Ford Motor Co Triangle breaks down

EUR/USD Cup and handle with bull flag

BULL FLAG

• Is it a cup and handle or a bull flag. Both are there.
• Never mind both meant to break on the upside.
• And it seems The target of 1.26 will be achieved.
• I PICKED UP THIS PATTERN TODAY MORNING CLICK HERE TO SEE HOW IT FORMED

US MARKET UPDATES S&P 500 Trading range breaks on the down side Effect of bearish engulfing in apple inc Positive Divergence Dow Jones weekly rising wedge Ford Motor Co Triangle breaks down

Dow Jones Triangle in 15 minutes chart

• This is the 15 minutes chart of  Dow Jones Futures.
• It is showing a small consolidation triangle pattern
• The break out from this pattern may give the direction for tomorrow.

US MARKET UPDATES S&P 500 Trading range breaks on the down side Effect of bearish engulfing in apple inc Positive Divergence Dow Jones weekly rising wedge Ford Motor Co Triangle breaks down