April 26, 2015

SPY Weekend update

  • SPY Week closed near high's which is encouraging for bulls. But bulls need to cross 212.34 levels on closing basis to confirm breakout. Any weakness near this level may lead to a correction and range bound activity may continue.
  • GOLD Weekend update: CLICK Here

CNX IT Weekly chart analysis

  • CNX IT continues to fall. with weakness in stocks like Infosys this trend is likely to continue. For now though price is approaching crucial up trend line and 50 Week SMA. If These levels are not held price may test the weekly cloud and 50% retrace level.