- Facebook chart approaching Range Top at 24.54 and the Unfilled GAP between 24.54 and 26.73.
- Daily chart shows good momentum as Daily closed above 100 Day moving average on Friday.
- Now the GAP and Range top should act as stiff resistance. A bigger up move may happen if price closes above the range and In to the GAP.
- S&P 500 ANALYSIS AFTER CLOSE
- QQQ WEEKEND UPDATE
- APPLE WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 19, 2012
FACEBOOK Chart analysis
BANK Nifty Chart analysis
- Price near crucial support levels for Bank nifty. Along with the Horizontal support levels price is also near 50 Day SMA and 5 Week LOW EMA.
- MACD of Weekly chart is nearing a sell signal But Price needs to break all the support levels mentioned above for it to work well. Week sustaining above 5 Week Low EMA on closing basis may not give bigger gains for bears of BN.
- BANK NIFTY INTRADAY LIVE CHART WITH AUTO REFRESH
S&P 500 Futures chart update
- ES One hour chart shows price above the falling resistance line
- Price about to move above the Hourly cloud. Price need to sustain above the cloud for this up move to extend.
- Four hour chart shows a possible resistance level at 23.6% Fib level.
- S&P 500 ANALYSIS AFTER CLOSE
- APPLE WEEKEND UPDATE
IWM Weekend update
- IWM Weekly chart below 50 and 100 Week SMA. Weekly stochastic is yet to reach oversold zone and It is yet to show a turnaround. If 38.2% Fib level and Last week's low 76.13 fails to hold we may see more correction in IWM.
- If Friday's up move holds then we may see price moving towards 50 and 100 Week SMA. Falling resistance line shown in last chart could be the target if the Bounce continues.
- S&P 500 ANALYSIS AFTER CLOSE
- APPLE WEEKEND UPDATE
November 18, 2012
FORD Chart analysis
- Ford Motor Daily chart at up trend line
- Price is testing 50 Day SMA.
- Weekly candles are falling from the cloud. For a bigger up move price must trade above the cloud. For now if 50 SMA and daily trend line fails to hold we may see extended correction.
- S&P 500 ANALYSIS AFTER CLOSE
QQQ Weekend update
- QQQ Weekly chart shows Stochastic approaching oversold zone. There is no sign of reversal yet.
- Price could continue to fall towards 59.80 - 60.0 zone which is the crucial support are in weekly chart.
- 59.80 - 60.0 level also has the 50% Fib level and 100 Week SMA which makes it a confluence of support.
- S&P 500 ANALYSIS AFTER CLOSE
- APPLE WEEKEND UPDATE
NIFTY Weekend update
- NIFTY is near the Up trend line in daily chart. This line has held so far more correction only if this one breaks.
- Price has closed below 50 Day SMA. During this up move from 4770 levels all closes below 50 SMA is followed by up moves. Bulls are hoping this happen again.
- Weekly chart shows MACD nearing a sell signal. Price managed to close below 5 Week LOW EMA. Sustaining below this line will add strength for the MACD Sell signal.
- NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH
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