My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 1, 2013
NIFTY intraday update
- Price near range Top.
- Intraday Bulls will remain strong above 5935 that is today's GAP.
- Price Sustaining above today's GAP should lead to an upper breakout.
- For bears price falling into the GAP may give a Dip towards 5915 and 5900.
- NIFTY 50 STOCKS FREE LIVE CHARTS
S&P 500 Analysis after closing bell
- SPX One hour chart shows a perfect hammer reversal. Price is nearing the Golden ratio which is expected act as resistance. For bulls price is showing good upward momentum.
- Price closed below the Hourly Ichimoku cloud. Trading above the hourly cloud bulls should be able to extend gains in the coming days.
- FORD MOTOR BREAKOUT
SPY Chart update
- SPY Near 200 Day SMA
- 4 Hour chart shows price nearing golden ratio.
- There are unfilled GAP's on both the sides. If 200 SMA is held the upper GAP will be faded. Below 200 SMA the Lower GAP will be faded and a possible test of the lows near 134 is possible.
- FORD MOTOR BREAKOUT
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