January 3, 2011

SPY intraday update

  • SPY 30 Minutes chart with triangle breakout and today's morning GAP.
  • Price has moved too far away from the GAP so this may not be filled today.
  • APPLE BREAKS RESISTANCE

APPLE breaks resistance

  • APPLE Hour chart with today's gap.
  • Price breaks the resistance by leaving a gap in hour chart.
  • If price closes above 326.55 this gap may not be faded.
  • ES SUPPORT LEVEL IN HOUR CHART

S&P 500 Futures Before opening bell

  • ES Hour chart gave a breakout above 1258.25.
  • 1258.25 will act as the immediate support level in hour time frame.
  • S&P 500 WEEKEND UPDATE
  • TRIANGLE OF MICRON TECHNOLOGY

Nifty Daily Analysis

WEEKLY CHART
DAILY CHART
MONTHLY CHART
  • Nifty Weekly chart shows breakout above a resistance line
  • Daily chart with price trending up above 5 day high ema.
  • Month chart shows nifty spot highest closing price on a monthly basis.
  • All points to a bullish start for the year. 
  • Let's see if bears have an alternate plan.