- Microsoft Quarterly results will be announced next week and the stock has hit the weekly resistance line.
- Price has also hit the Weekly Bollinger band.
- Cloud resistance in weekly time frame is looking strong as well.
- We may see false breakouts above the weekly resistance line. Positional longs can only be taken if week closes above these resistance levels.
- For bears its a low risk high return sell that is developing.
- RESISTANCE LINES OF GOOGLE
- ES has been showing solid support near 1302 level.
- If gets tested repeatedly then it may get broken.
- Closing the week above this support level may keep things neutral.
- If price closes below 1302 or 1295 things may favor bears next week.
- RESISTANCE LINE OF GOOGLE
