- QQQ Daily and weekly chart shows bullish engulfing patterns.
- For Bulls price need to close above the immediate resistance levels of 20 and 200 Day SMA for extending gains.
- Weekly RSI is turning up from oversold ZONE. Price need to follow up by breaking the falling resistance line for a bigger up move to follow.
- FACEBOOK BULL FLAG
- 5 Minutes chart shows the two unfilled GAPS. Intraday weakness below 5982
- 4 Hour chart shows the most important price action. Usually GAP up's from the ranges like these act as runaway GAP'S They end giving good up moves.
- Only Hope for bulls is to expect a false breakout. Price closing the day back into the range may give a good short trade.
- BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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- First chart shows price near 20 Day SMA. Bulls need to close above this level for an up move to happen.
- 2nd chart shows price holding above the up trend line from 18 levels. Bulls need to sustain above this line for the bullish pattern to play out.
- Last chart shows the potential bullish flag pattern and the oversold stochastic indicator. Price closing above the resistance line of the flag may give a bigger up move.
- DOW JONES CHART UPDATE
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- For the current up move may find resistance at 20 and 100 Day SMA.
- Weekly charts also shows resistances at 13300 and the Weekly Middle bollinger band.
- Price near range Top.
- Intraday Bulls will remain strong above 5935 that is today's GAP.
- Price Sustaining above today's GAP should lead to an upper breakout.
- For bears price falling into the GAP may give a Dip towards 5915 and 5900.
- NIFTY 50 STOCKS FREE LIVE CHARTS
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- SPX One hour chart shows a perfect hammer reversal. Price is nearing the Golden ratio which is expected act as resistance. For bulls price is showing good upward momentum.
- Price closed below the Hourly Ichimoku cloud. Trading above the hourly cloud bulls should be able to extend gains in the coming days.
- FORD MOTOR BREAKOUT
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- SPY Near 200 Day SMA
- 4 Hour chart shows price nearing golden ratio.
- There are unfilled GAP's on both the sides. If 200 SMA is held the upper GAP will be faded. Below 200 SMA the Lower GAP will be faded and a possible test of the lows near 134 is possible.
- FORD MOTOR BREAKOUT
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