- Will apple hold on to the support line of the Triangle.
- If Price closes above the support line we may see an up move towards the resistance line of the triangle.
- Breaking down and closing below the support line will favor the bears of AAPL.
- AAPL Weekend Update: CLICK HERE
April 11, 2011
- ES Breaks 1318.50. If price sustains below 1318.50 then it can drift lower towards 1313 level which is the next Support level in chart.
- ES seems to be stuck in a small range.
- 15 Minutes chart with Fib levels shows price moving between 38.2% - 61.8%.
- Decisive Break from these two fib levels can give the next direction towards 1335 or 1318.
- TREND OF EURUSD
- Trend of EURUSD will remain up as long as price stays above the trend line shown in first chart.
- Price continue to close above 20 day moving average which is good for the bulls.
- Weakness will be seen only if the trend line is violated or price closes below 20 day moving average.
- S&P 500 WEEKEND UPDATE
- Nifty Weekly chart has given a reversal candle near Golden ration.
- Price breaking above 61.8% again will give good upward momentum for nifty.
- Price still stands above Week High Ema which is the main support for bulls.
- Hourly chart is showing a channel. Lowe breakout from this channel will be negative. Upper breakout will favor bulls.
- BANK NIFTY WEEKEND UPDATE