My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 27, 2012
SPY Chart update
- SPY Has broken below 200 Hour SMA.
- Price is testing the 4 Hour cloud. More falls if cloud does not act as support.
- Price also nearing 50 and 61.8% Fib levels.
- USDJPY CHART UPDATE
IWM Chart analysis
- IWM Daily chart shows price near 20 Day SMA.
- Weekly chart too shows support at 20 Week SMA which is at 82.26 level.
- Last chart shows price trying to stay above weekly falling resistance line. For bears price should fall back into the pattern and below 20 Week SMA for a bigger correction.
- RIMM CHART UPDATE
NIFTY Chart analysis
- Daily chart of nifty shows price still inside the range
- Weekly chart with price and histogram shows clear negative divergence. Price is yet to give correction for this negative divergence.
- Month chart is pausing at the upper bollinger band.
- BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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