Looking at the market this morning gang it looks very bearish. Lot’s of support levels for the bulls but the charts majorly support the bears. It’s all about whether or not the bears can get some momentum going as if they do those support levels won’t hold. Maybe they tank the market Friday when the world ends?
Crucial level for Gold is 1630 (100 Week SMA). Sustaining below this level will be bearish.
SILVER Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/silver-bearish-pattern-updated.html
Thanks San…….for all your charts!!!
$GOLD…..How low are they going to take this. Support here @1640 ish or even lower support @ 1600-1610?
BIDU resistance levels: http://niftychartsandpatterns.blogspot.in/2012/12/bidu-resistance-levels_20.html
WOW! Talk about defying gravity! I guess pigs do fly!
Thanks Seawind…. and a Merry Christmas to you and your family too!
Morning Mr. Red and bloggers….just in case…smile!
Have a very Merry Christmas one and all!
Thank you all….great blog Mr. Red!
Looking at the market this morning gang it looks very bearish. Lot’s of support levels for the bulls but the charts majorly support the bears. It’s all about whether or not the bears can get some momentum going as if they do those support levels won’t hold. Maybe they tank the market Friday when the world ends?
ES Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/es-chart-analysis_20.html
Bank of america bearish engulfing: http://niftychartsandpatterns.blogspot.in/2012/12/bank-of-america-bearish-engulfing.html