Flag Trendline SP500 Update.

We’re hearing much talk about the potential Bear Flag pattern on the S&P 500 Daily Chart.

Let’s take a mid-week update on the pattern and note the current key price boundary levels to watch for clues.

First, here’s the S&P 500 Daily Chart trend-lines structure:


Moving from right to left, we see the current “Bear Flag” consolidation pattern stretching from early June to present.

The lower rising trendline resides near 1,340 while the upper rising trendline continues near 1,390.  The 30-min chart below emphasizes these trendline levels.

Now, moving to the left of the chart, the last time we saw a similar Daily Chart ‘flag’ struture was from August to October 2011.

While price did break the downside trendline, the full downside target was NOT achieved due to a power-rally which developed off the 1,100 Index level.

From there, price structure continued to trade mostly in a “Creeper” uptrend, bound by the prior “flag” trendlines until the breakdown of May 2012.

Commodity surprise: Special Offer – 2 days only, Hurry up!

Today our commodity dept. head Mr.Dev’s son’s birthday. Mr.Dev said, he’ll give service in 15,500 for 1 year. Small traders for mini offer are 10,500 only for 6 month..!!

  • Only on Opportunities Base
  • Intraday & Positional call + 1 hour special trading training FREE
  • Tips on SMS, Full Report + directly talk with Mr. Dev (24×7 Support)

For subscribe in special offer call: +91 9033862706 or Email: [email protected]
This offer is valid for 2 days only, Hurry up!!!

Shanghai Composite reached to Support


The Chinese government reported imports rose just 6.3 percent last month from a year earlier, less than half the 12.7 percent expected increase.  No doubt this reflects softening domestic demand in the world’s second largest economy and one reason why commodities have been selling off.

Don’t you think the government has to be cooking up something big?

Weekly Market Structure in S&P 500

S&P 500

Note the weekly bear flag on the S&P 500 index. You may call it by a number of different names (wedge, pullback, anti, flag, etc.), but the concept is the same: A period of contracting volatility with an upward bias following a sharp selloff. This pattern could be expected to resolve downward, providing a headwind for bearish trades over the next several weeks. Be aware that weekly patterns can take a long time to play out, and there is plenty of room for upswings on daily and intraday timeframes even if this weekly pattern resolves cleanly. Knowledge of higher-timeframe technical patterns often provides good context for trades on lower timeframes. This is an important part of understanding evolving market structure and potential technical risk factors.

Dow Jones Compated to Nifty Future



Dow Jones, Just Watch above Chart


Support: 12992 level around

Suppose to not breaking or close below it…then Dow Jones will test 13300 and 13400-422 very soon


In case, Dow Jones will breach to 12988-13000, then buyer will enter with heavy quantities but keep in mind…”It should not good if close below it”


Compared to Indian Nifty:

Buyer will act 5240-5258 and they intend will be 5348-5356 and also 5412-5448 above

In-case, Nifty close below 5240…then Targets 5176 and 5089



You want FREE Forex trading tips in your inbox before markets opening bell?
Just visit: Free Forex tips to Get costless Currency tips, news and learn technical analysis without any cost.

Remember, paid subscribers always get more benefits and access. Go here for: Premium Forex tips

If you have any questions or concerns about Forex, don’t hesitate to let us know. For more information contact: +91 9033862706 OR E-Mail on [email protected]