September 10, 2011

SPX Weekend update

  • From head and shoulders pattern in hourly chart to weekly candle closing below 100 week SMA everything is pointing towards a bearish week ahead.
  • Hope for bulls is to hold on to the support line in daily chart or the hourly head and shoulders pattern gets failed.
  • US DOLLAR BREAKOUT
  • ASCENDING TRIANGLE OF GOLD
  • SILVER TRIANGLE PATTERN

SILVER Triangle update

  • SILVER is still inside the consolidation pattern.
  • But an explosive move awaits silver. Breaking below 50 DAY SMA can give good correction
  • Breaking above the resistance lien can give good up move.
  • ASCENDING TRIANGLE OF GOLD
  • US DOLLAR BREAKOUT