My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 25, 2013
ES Chart analysis
- ES one hour chart shows price trying to sustain above 50 Hour SMA.
- One hour cloud will act as stiff resistance. Price has to trade above the cloud of this time frame for turning the trend.
- Fib levels shows price at 23.6% Fib level. Price must stay above this level to target 38.2% Fib level.
- S&P 500 ANALYSIS AFTER CLOSING BELL
BANK Nifty chart Analysis
- Bank nifty weekly chart shows price nearing crucial support resistance level near 11050 - 11100
- Bank nifty still in sell mode But weekly stochastic is fast approaching oversold zone which may give some relief for bulls.
- Daily chart with 5 Day High EMA shows no pause or turnaround as price continues to move away from 5 DHEMA
S&P 500 Analysis after closing bell
- Daily chart of SPX Shows price closing below 100 Day SMA.
- Weekly chart shows price extending the fall below the Up trend line. Indicator like Stochastic is yet to become oversold.
- Price has fallen below Weekly middle Bollinger Band. SPX bears need price to close below the Bollinger band for bigger corrections to follow.
- ES RESISTANCE LEVELS
Subscribe to:
Posts (Atom)