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S&P 500 INDEX has formed triangle formation in daily chart.


S&P 500 INDEX


  • Index has formed triangle formation in daily chart, this indicates once index comes out from its formation then sharp movement is expecting.
  • Stock is also finding 200 days moving average support, as long as holds above bulls will be favored, bears will be favored once it holds below 200 DMA.
  • On down side S&P 500 Index will find strong trend line support around 1988 & 1972. Close Watch.
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DOW JONES closed below its important support zone.


DOW JONES INDUSTRIAL AVERAGE


  • Index has formed triangle formation in daily charts, but now index has closed below it formation , this indicates as long as index holds below further weakness can be seen in coming days.
  • Dow Jones has also closed and holding below 200 days moving average this indicates bears will be favored.
  • As per trend analysis Down will now find strong trend line support around 17067.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.