- JPM Weekly chart shows resistance at 100 Week SMA.
- Price is doing a bearish flag like consolidation pattern in weekly time frame.
- Last chart shows price closing above 20 Week SMA. Falling below this line should give a correction towards the flag's support line. Price sustaining below 20 Week SMA May also give a flag breakdown for bears of JPM.
- SPY WEEKEND UPDATE
September 3, 2012
- Nifty Daily chart shows support near 50 Day SMA and the rising support line.
- Fibonacci levels too price bouncing from support levels.
- Weekly chart is seeking support at the cloud. Shooting start pattern of weekly chart continues to look good for bears.
- Last chart shows another month loosing momentum and closing below 5 Month High EMA.
- BANK NIFTY WEEKEND UPDATE