- Apple four hour chart with cloud resistance and 575 - 578 level which may act as resistance.
- One hour chart shows 200 Hour SMA which is acting as resistance.
- Hourly close above 200 Hour SMA and 575 - 578 zone may give an up move. Bigger moves only if the cloud is taken out.
- Weakness below 565.
- Crude oil four hour chart with ichimoku cloud.
- Price getting resisted at the cloud.
- Price may fall towards lower bollinger band or 89.27 levels.
- Silver resistance between 28.78 - 28.92.
- Price shows a range near 20 Day SMA. Once this range gets resolved on closing basis we may see a larger move.
- Trend continues to be strong in favor of EURUSD bears.
- Previous support of 1.2623 in daily chart may continue to act as resistance. Ranges in hourly charts may give breakdowns if price continue to remain below 50 period SMA or the Cloud of four hour chart.
- One hour chart shows positive divergence which may not give more than a bounce because of the strong down trend.
- SPY WEEKEND UPDATE
- Targets for the current up move can be the 200 SMA or the channel shown in second chart. For bulls price should sustain above 20 Day SMA. Daily close bwlo 20 SMA will be negative.
- For a larger up move to happen last chart is crucial. Price is trying to stay above the weekly channel resistance line. Sustaining above it could lead to bigger up moves. Another fall into the channel will favor bears.
- Above chart shows ES near a cluster of resistance levels.
- ES Bulls need a daily candle to close above 20 Day SMA For extending this pullback.
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SPY WEEKEND UPDATE
