- QQQ Testing the neck line of an inverted head and shoulders pattern.
- Daily chart has moved above 50 Day SMA.
- Price in daily time frame is at the Daily cloud.
- Bulls need a daily close above the neck line and 50 SMA for extending this up move. Sustaining above the daily cloud may lead to a bigger up move.
- SPY Daily chart hits resistance line
- Price testing daily cloud.
- Daily chart moved above Golden ratio. For bulls price should sustain above 143.68 levels for a possible test of 78.6% Fib level.
- CISCO Daily chart breaking resistance levels.
- Weekly chart sustaining above falling resistance line
- Only negative here for bulls is the stocks recent attempts to sustain above 200 Week SMA which has failed.
- Bidu testing the channel resistance line in daily chart.
- Price also near 20 Day SMA.
- For this bounce to continue price should close above the resistance line and 20 Day SMA. Negative daily candle should resume the fall.
- ES Daily chart with ichimoku cloud shows a cloud breakout. Bulls need a bullish candle to confirm the breakout.
- Next chart also shows the potential resistance lines for bears.
- Last chart shows the hourly time frame with the ascending triangle pattern.
- S&P 500 ANALYSIS AFTER CLOSE
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- TCS has closed below 200 Day SMA.
- Daily chart is also showing a range breakdown. Range was for 92 points so we can expect a similar move to the down side if price sustains below 200 SMA.
- Weekly chart with up trend line may save bulls from a bigger fall.
- NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH
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- SPX Yet to cross the crucial resistance band of 1422 - 1426 level as shown in first chart.
- Daily chart also near Golden ratio.
- Price managed to close above 50 SMA But price action does not look convincing for bulls yet.
