CHART-II
Was expecting a diamond top But ended up as a continuation pattern. Closing above 12841 will favor bulls.
CHART-I
Hour chart of Dow Jones is forming a diamond pattern.
For bears price has to fall below 100 Hour SMA and the support line of the diamond.
Taking support at the support line and breaking the resistance line will favor bulls for continuing this up trend .
50 Day SMA may act as support if price falls towards it.
1.3234 is the resistance line.
Closing outside these levels may give a bigger move for EURUSD.
SINA CHART ANALYSIS ES BULL FLAG
Smaller time frame is showing a possible continuation pattern
Four hour time frame too is staying above the cloud which will help bulls to extend gains.
Price falling into the cloud will be negative.
Red horizontal lines may act as resistance levels, Breaking them will favor bulls to extend gains.
SINA CHART ANALYSIS
Price sustaining above 100 SMA will extend gains for bulls of SINA.
Week chart is above Middle bollinger band. Closing above this level will extend gains towards the dotted resistance line shown in 2nd chart.
Last chart weekly line chart which may act as resistance.
Getting support here at 100 SMA will favor a bullish trade in crude oil
Price sustaining below it may push crude oil towards 200 Day SMA.
POSSIBLE TARGET LINE FOR US DOLLAR
For Rcom its a big volume day. Stock moved from 102 to 91 and its trading near 97 again.
10 Day EMA is at 94 Stock has managed to close above 10 Day EMA from 70 levels. Today being a high volume day a bearish close may give a pull back for rcom in the coming day's.
Any close above 98 means that today's action is just a shakeout of the weak bulls and to continue the up move.
Daily chart managed to close above 200 SMA.
Weekly chart has the tougher task of breaking out of the channel.
Indicators have come to the overbought zone in weekly time frame. So there has to be a breakout for sustaining this up move.
Bears badly need a negative weekly candle at this level.
