Blog Posts - Macd



Gold and Silver charts: bulls sent packing by fierce bear onslaughts

Gold chart patternThe daily bar chart pattern of Gold shows a severe one way fall due to relentless selling by bears ever since Trump unexpectedly won the US Presidential election.Gold's price dropped to an 11 months low of 1125 before bouncing up to...

Gold and Silver charts: bears continue to rule

Gold chart patternTrump's election win and the subsequent strengthening of the US Dollar, and oversold technical indicators had led to the following comment in the previous post on the daily bar chart pattern of Gold: "Any technical bounce towards 12...

S&P 500 and FTSE 100 charts (Sep 02 '16): bulls trying to regain control

S&P 500 index chart patternThe following remarks were made in last week's post on the daily bar chart pattern of S&P 500: "Some more correction is possible. Support can be expected from the rising 50 day EMA. Bulls have been buying on every l...

S&P 500 and FTSE 100 charts (Aug 26 '16): bears trying to get on top

S&P 500 index chart patternNegative divergences visible on technical indicators in last week's post on the daily bar chart pattern of S&P 500 had hinted at a correction.The index touched a slightly lower top of 2193 on Tue. Aug 23 and formed...

Nifty chart: a midweek technical update (Aug 24 '16)

Quietly, FIIs have turned net sellers of equity this week - though their net selling in three days was only worth Rs 340 Crores. DIIs were net buyers on Monday and today (worth Rs 180 Crores), but were net sellers of equity (worth Rs 450 Cr...

WTI and Brent Crude Oil charts: end of short-squeeze rallies?

WTI Crude Oil chartThe 'V' shaped rally on the daily chart pattern of WTI Crude Oil surged past the 49 level before correcting and closing below 47.50. Shorts got squeezed after OPEC's announcement of a meeting in end-Sept. '16 to discuss a...

Nifty chart: a midweek technical update (Aug 17 '16)

WPI inflation rose for the 4th straight month to a 23 month high of 3.55% in Jul '16 against 1.62% in Jun '16. In Jul '15, the index was -4%. WPI had hit a peak of 3.74% in Aug '14. Prices of potatoes, pulses, vegetables, sugar and fruits showed stro...

Gold and Silver charts: consolidating after sharp post-BrExit rallies

Gold chart patternThe following comments were made in the previous post on the daily bar chart pattern of Gold: "Volumes are a bit of a concern. They need to pick up for the rally to sustain. Otherwise, gold's price can see some consolidation." ...

S&P 500 and FTSE 100 charts (Aug 12 '16): bulls take total control

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 consolidated within a narrow range during the week - touching a low of 2172 on Aug 10 and a new lifetime high of 2188 the following day.Though the index barely gained a po...

Nifty chart: a midweek technical update (Aug 03 '16)

Net buying in equities by FIIs has crossed Rs 1840 Crores during the first three days of Aug '16, as per provisional figures. DIIs have been net sellers of equity worth almost Rs 1600 Crores.Nifty touched a new 52 week high of 8711 on Aug 1 - gaining...

Gold and Silver charts: bulls bounce back after post-BrExit corrections

Gold chart patternThe following remarks were made in the previous post on the daily bar chart pattern of Gold: "BrExit concerns have receded. That doesn't mean gold's price can't move even higher. It may take a little time."Gold's price slipped below...

S&P 500 and FTSE 100 charts (Jul 29 '16): bull market consolidations continue

S&P 500 index chart patternThe following remarks appeared in last week's post on the daily bar chart pattern of S&P 500: "Some more consolidation - or a correction - is likely. Booking part profits may be a good idea."The index continued its...

S&P 500 and FTSE 100 charts (Jul 22 '16): consolidating after sharp rallies

S&P 500 index chartNegative divergences and overbought conditions of technical indicators in last week's post on the daily bar chart pattern of S&P 500 had hinted at a pause in the bull rally.The index consolidated within a narrow range...

Nifty chart: a midweek update (Jul 20 '16)

Road construction companies have reasons to rejoice. NHAI Chairman announced yesterday that 10,000 KM of roads and national highways projects will be awarded for physical construction during FY 2016-17.Government's capital infusion of Rs 23,000 Crore...

Gold and Silver charts: correcting after sharp BrExit rallies

Gold chart patternThe daily bar chart pattern of Gold formed a small 'double top' reversal pattern just below 1380, and started a correction that is receiving support from its 20 day EMA and the 1320 level.All three EMAs are rising, and gold's p...

S&P 500 and FTSE 100 charts (Jul 15 '16) - bulls make merry after casting aside BrExit fears

S&P 500 index chartThe daily bar chart pattern of S&P 500 brushed aside all bearish concerns and climbed to touch a lifetime high of 2169 on Fri. Jul 15, but formed a small 'reversal day' bar that can temporarily halt the bullish surge.N...

S&P 500 and FTSE 100 index charts - Jul 08 '16

S&P 500 index chartThe daily bar chart pattern of S&P 500 soared on a better-than-expected employment report for June, rising above the 2130 level on Fri. Jul 8 before closing just below it. It was the highest level touched by...

S&P 500 and FTSE 100 index charts - Jul 01 '16

S&P 500 index chartThe daily bar chart pattern of S&P 500 dropped sharply below its 200 day EMA and the 2000 level into bear territory on Mon. Jun 27 '16 as BrExit concerns dominated market sentiments.Monday's strong volumes after Friday...

WTI and Brent Crude Oil charts: an update

WTI Crude Oil chartIn the previous post on the daily bar chart pattern of WTI Crude Oil, a 'reversal day' bar on daily chart and a 'gravestone doji' candlestick on weekly chart had raised concerns about the formation of an intermediate...

S&P 500 and FTSE 100 index charts - Jun 24 '16

S&P 500 index chartReaders were given adequate warning with the following comments in last week's post on the daily bar chart pattern of S&P 500: "A further correction to test support from the 200 day EMA is possible. If the May 19 low o...


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