NIFTY: TREND LINE & CHANNEL SET UP FROM BUDGET DAY RALLY HAVE TO BE MODIFIED DUE TO POST BREXIT RALLY TILL NOW. ONE DOTTED RED TREND LINE ADDED (WHICH IS 0-X), ONE GREEN CHANNEL IS ADDED & LASTLY ONE ORANGE TREND LINE IS ADDED. I BELIEVE THIS WILL HELP FOR TAKING IMPORTANT DECISIONS.
S&P 500/SPX INDEX IS AT UPPER RESISTANCE LINE OF EXPANSIVE STRUCTURE. WATCHING INDEX BEHAVIOR AT THIS LINE CLOSELY.
SPX/SP500 PRESENT STATUS AS ON EOD 27/06/2016 S&P 500/SPX ON MID TERM CHART SPEAKS A LOT. SEE THIS RED TREND LINE & WATCH BEHAVIOR OF INDEX AROUND THIS RED TREND LINE. BEFORE BREXIT EVENT 2111 ACTED AS RESISTANCE WHICH IS OUR FIB RESISTANCE & TODAY 1990 ACTED AS A SUPPORT WHICH IS AGAIN OUR FIB GRID SUPPORT. SO USE OF THIS FIBO GRID & TREND LINES WILL HELP US IN...
NIFTY HAS BROKEN GREEN DOTTED TREND LINE FIRST TIME SINCE BUDGET DAY RALLY. IT WILL BE REALLY INTERESTING NOW TO FOLLOW ITS IMPLICATIONS.
THIS IS THE INTRA-DAY SET UP I AM CARRYING FOR NIFTY. EITHER IT CAN BE AN EXPANDING RUNNING TRIANGLE OR DIAMOND SHAPE SYMMETRICAL. 2ND CASE I AM FAVORING THE MOST AS OF NOW. SO LETS SEE WHAT IS IN STORE FOR US.
JUST A TREND LINE OBSERVATION. WATCH INDEX MOVEMENT AROUND THIS TREND LINE. WHAT DO THINK WILL BE THE BEST POSSIBILITY IN NEAR FUTURE?
NIFTY ORANGE TREND LINE BROKEN TODAY. EOD REPORT AT amgonifty.wordpress.com
Nifty EOD 07/06/2016 Is the rally from Budget is about to end? Can see daily posts on amgonifty.wordpress.com
DAX GER30 :::: FIBONACCI & CHANNEL TRADE SETUP
I have added one more green channel to my trade setup. Index rose sharply from 6878 to till date. Now watch out for resistances just above head where 3 trend lines will restrict the movement of index.
SPX EOD 13-05-2016 IS FURTHER DOWN SIDE POSSIBLE?
SPX500 EOD 11/05/2016 IS IT A COMPLEX CORRECTION GOING ON ?
SPX500 & SPX EOD 06/05/2016 THE FALL FROM 2011 TO 2039 SEEMS TO BE 3 WAVE A B C FALL. INDEX SHOWN INITIAL SELLING PRESSURE & DROPS DOWN TO 2039 NEW LOW. THIS LOW IS APPARENTLY IS 214.6% LEVEL OF EXTENSIONS FROM 2111 TO 2077 & ALSO 50% RETRACEMENT LEVEL OF 2111 TO 1969. THESE 2 LEVELS WERE SAME & INDEX TOOK SUPPORT. NOW THE INDEX HAS CLOSED ABOVE 2052 WHICH WAS...
NIFTY EOD 03/05/2016 DETAILED REPORT AT amgonifty.wordpress.com On the trading day of 03/05/2016 Nifty opened gap up & quickly surged through our X – X line & went up to 7889 where it had a resistance of our 250% Fibonacci level & rest is the story. So we guessed the complex correction correct. Any one carrying longs must have profited. But after the rise to go...
SPX IMPORTANT SUPPORT 2052 IS TAKEN OUT TODAY, AS TODAY'S INTRA-DAY LOW OF 2045. SPX NEXT SUPPORTS WILL BE 2026 & 2006 AS PER OUR FIBO GRID. ANY MOVE ABOVE 2052 TO 2070 WILL CALL TO REVISE THE OUTLOOK. TILL THAT SHORT CALL CONTINUES. DETAIL CHARTS CAN BE SEEN ON amgonifty.wordpress.com
SP 500 EOD 29/04/2016: SEE DETAILED REPORT AT: amgonifty.wordpress.com 1st Case: On the trading day of 29/04/2016 SP 500 shown bearish trend as per expectation & retraced exactly till 2052 which 200% fibo level of our grid marked on the charts which also coincides with 161% fall of wave 3. As per Elliott wave 161% fall can be normal or extended. I am...