- SPY 5 Minutes shows a trading range which has to be resolved for a bigger intraday move to happen.
- For bears price has to sustain below the 30 Minutes cloud for a possible breakdown to happen.
- Daily chart also shows support at 38.2% Fib level.
- ES RESISTANCE LEVELS
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 31, 2012
SPY Chart analysis
ES Resistance levels
- ES 4 Hour chart with price testing horizontal resistance line.
- ES at 4 Hour cloud and 38.2% Fib level.
- DOW JONES WEEKEND UPDATE
- APPLE WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
Bank Nifty Range breakdown
- Daily chart of BN shows a range breakdown. And if price sustains below 11244 levels we should see Bank nifty slipping below 11000 levels possibly towards 10800 area.
- Daily chart shows 50 Day SMA at 10890 and a GAP just below this line. These two areas may act as support in daily time frame.
- Weekly chart shows a rising support line which may act as crucial support level for BN
- INTRADAY LIVE CHART FOR BANK NIFTY WITH AUTO REFRESH
UUP Chart analysis
- UUP Daily chart at the cloud.
- Price is also testing the Range top and 50 Day SMA.
- Breakout above 50 SMA shall extend the up move towards 200 Day SMA.
- Death cross in daily chart may not give bigger up moves for UUP.
- APPLE WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
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