GOOGLE Pausing at the Resistance line

• Google Weekly chart with resistance line connecting the tops 747 and 642.
• Price has made a high of 627 and is not able to stay above this trend line.
• Bulls has to close the week above this trend line to continue the bullish momentum.
• Unable to cross the resistance line will result in a correction.

AAPL Intraday Update

• Apple is testing its 50 hour moving average.
• Price has taken support at the cloud as shown in second chart.
• Hour chart is showing a GAP between 378 - 384
• So price may get attracted to this GAP.
• Larger correction will be possible only if price close below the cloud. 

GOLD Negative Divergence

• Positive divergence on the left side did well.
• We have negative divergence now.
• Considering the larger trend of gold Positive divergence trades are safer to execute.
• If price stays below 1600 this one may give a correction to 1585 levels.

ES Near support level

• ES Four hour time frame with support level.
• Good support exist between 1290 - 1295 level.
• 200 Period moving average for Four Hour time frame is near this level.
• Price staying below 200 Period moving average will favor bears for a breakdown below 1290 level.
• If Price stays above 1305 level then Bulls will be able to push price higher.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Intraday Update

• Nifty hour is trading below its 200 Hour moving average. Last two dips after the up move from 5195 has taken Support at this moving average.
• 15 Minutes chart shows a trending move below Ichomoku cloud. Intraday strength only if price manages to stay above the cloud in this time frame.
• LAST POST ON NIFTY'S 200 HOUR MOVING AVERAGE
  

NIFTY Testing 50 DMA

• Nifty testing 50 DMA again.
• Possible Fibonacci support levels below 5496 are 5468 and 5404
• USDINR is testing its support level. I have done a post on USDINR in the Forex Blog - CLICK HERE TO SEE IT

S&P 500 Analysis after closing bell

• 50 Day Moving average is broken on closing basis.
• 200 Hour moving average is broken
• Price has closed below the cloud in hour time frame.
• Next important support @ 1295
• Bears will become more active below 1295.
• DOW JONES PAUSING NEAR RESISTANCE LEVEL
  

NFLX Cloud and Trend line analysis

• NFLX Despite the correction of this week has managed to stay above important trend lines and clouds
• Price is Moving strong above the weekly cloud. Daily cloud is acting like steps for the stock to continue its upward journey.
• For a bigger correction to happen price should close below the weekly support line