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

  • 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

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

Dow Jones Futures before opening bell

  • Dow Jones futures hour chart with support and resistance lines.
  • Price is trading in a range of 11910 - 11970.
  • violation of this range may give good direction.

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