The US indices have captured the 50 day moving average (DMA) after the recent fall. The chart below is of the Dow Jones Industrial Average. It has captured the 50 DMA and the 50 DMA is above the 200 DMA…
Month: September 2020
Is the Gold retracement done?
Gold has fallen a fair bit from the highs in August. Is this the end of the upmove or a retracement in this upmove? See the chart below. On applying Fibonacci retracements from the March lows to the August highs…
Nifty in sell mode – Lower Tops and Lower Bottoms
Nifty has had a spectacular rally from the lows in March. It made a classic series of Higher Tops and Higher Bottoms confirming an uptrend based on Dow Theory. See the chart below. This uptrend has now been violated as…
Nasdaq at a critical juncture
NASDAQ has been correcting sharply for the last few days. Let us look at the long term charts of NASDAQ. If we apply the Fibonacci extension of the fall from 2000 to 2002 and extend it we will observe that…
Silver ready to shine
Silver has been in the news for its recent rally and the fall over the last few days. It broke out from a consolidation zone around $14-18 where it spent 5 years. It hit a high of close to $30…
