Before stepping into Monday its better prepare yourself to face the music of volatility in the markets. Last Friday the outcome of BRExit vote on leaving the European union had made a huge shock wave across major financial markets including Stocks, commodities and currency markets. And Fridays price action had done a major structural damage on the time series charts.
Currently the US Index S&P500 is in Positional Sell mode since 14th of March and currently the resistance zone comes around 1884.14 strategy will turn to positional buy mode if the resistance breaks on the hourly charts. And Dowjones is currently in positional sell mode with support zone coming around 16170. Strategy will turn to positional sell mode if the support zone breaks on the hourly charts.
Currently Both the US Indices S&P500 and Dow Jones are in positional sell mode since 3rd March 2014 and trading very close to the resistance zone. Currently the resistance zone coming around 1882 and 16473 respectively. Position will be reversed to positional buy mode if the resistance zone breaks on the hourly charts
30 Year Historical Dow Jones Monthly charts are shown. Interestingly Dow Jones is in bull market( i.e buy mode ) since the start of 2010. Long Term supports for the Monthly Dow Jones comes around 11400 zone. Also checkout that dow jones had turned to buy mode on the weekly timframe in Ichimoku weekly charts
10 Years of Historical Nifty Weekly Ichimoku Charts are shown. Currently on the long term i.e on weekly timeframe nifty is in sell mode and currently trading very close to the ichimoku cloud resistance coming around 5250-5300 zone breaking above that could signal long term bull market in nifty. Nifty is in sell mode since […]