- Silver hour will favor bulls if it can stay above 200 Hour moving average.
- If price does not stay above this level we may see a correction
- Second chart looks bullish But price has immediate resistance at 39.83. We might see good up moves if 39.83 level is taken out.
- If the triangle breakout fails things will favor bears for a correction.
- SILVER WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 15, 2011
SILVER Trend update
QQQ Trend Update
- QQQ Four hour chart with Fibonacci levels shows price near 38.2% Fibonacci level.
- Price is also near 20 Period moving average for four hour time frame.
- So for bulls to extend profit they should sustain above these levels.
- GLD TREND UPDATE
GLD Trend Update
- GLD short term trend will favor bulls if they manage to hold on to the 50 Hour moving average.
- Dip below 50 Hour moving average may attract shorts.
- Important level to watch is 167.75. Price staying below 167.75 may give a short trade.
- SILVER WEEKEND UPDATE
S&P 500 Futures Hour chart analysis
- ES is unable to break above the resistance level marked in the first chart.
- But for bulls price is staying above 50 Hour moving average which is favoring them.
- Bears need to break price below 50 Hour moving average and 1154 level.
- AAPL WEEKEND UPDATE
- SILVER WEEKEND UPDATE
- DEATH CROSS OF S&P 500
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