- QQQQ Hour chart is trading above the cloud.
- Price is near its resistance level at 57.26
- If price closes above this level we may see 59 levels in the coming days
- getting resisted here will be negative
- SILVER DESCENDING CHANNEL
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
Showing posts with label US MARKET UPDATES. Show all posts
Showing posts with label US MARKET UPDATES. Show all posts
January 27, 2011
QQQQ hour chart with Ichimoku cloud
SPY Price consolidation after triangle breakout
- Price is consolidating after its breakout from the triangle pattern.
- Breakout may achieve the target if the consolidation resolves on the upside.
- Breakdown below 129.40 will be negative. Price falling into the triangle will lead to a busted pattern.
- DOW JONES FUTURES CHART ANALYSIS
S&P 500 Futures Before opening bell
- ES Daily chart with resistance and supporting lines.
- 1296.50 is acting as resistance for ES.
- Closing above 1296.50 will extend the bull run.
- Breaking below the supporting trend line will be negative for the bulls.
- DOW JONES FUTURES CHART ANALYSIS
January 26, 2011
SPY intraday update
- SPY 15 minutes chart with intraday support levels.
- 129.64 and 129.18 are levels for bulls to defend to sustain the up move.
- Falling below these levels may give selling opportunities.
- GOLD NEAR SUPPORT LEVEL
S&P 500 Futures Before opening bell
- ES Hour chart with an ascending channel formation in hour chart.
- Right now price is correcting from the top of the channel.
- If price breaks the middle line we may see a deeper correction.
- Getting support near the middle line will favour the bulls the push the price up further.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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