QQQ Testing 200 SMA

 

 

• QQQ Daily chart moving up from 200 Day SMA.
• Price testing 50% Fib level.
• Hour chart shows a bearish cross with 200 and 50 hour sma.
• Price sustaining below the daily cloud will favor QQQ bears.

EURUSD Golden Cross

 

• EURUSD Daily chart near up trend line and 50 Day SMA.
• Daily chart also shows a bullish golden cross.
• Bullish cross will become weak if price falls below 50 Day SMA and a whipsaw cross if price falls below 200 SMA. For now Bulls of EURUSD need price to hold above 50 SMA for the Golden cross to work well.

APPLE Chart update

• APPLE Day managed to close above 100 Day SMA.
• But price is yet to test crucial resistance levels. Sustaining below the daily cloud will favor apple bears. 
• Falling resistance line and 100 Hour SMA of one hour time frame too has to be captured by bulls for a bigger up move.
• ES SUPPORT LINES

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ES Support lines

• ES Up trend line has broken. Horizontal support line and the current low should give a bounce to save bulls from further correction.
• If the lows are not held bigger falls must follow.
• GOOGLE CHART UPDATE

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NIFTY Futures triangle and rounding bottom

 

• Nifty futures 30 Minutes shows  a possible triangle pattern.
• One hour shown with a rounding bottom pattern.

LARSEN & TOUBRO Ascending triangle

 

• LT Daily chart shows ascending triangle breakout with volume advance.
• If the breakout sustains price could be heading towards 1723 and higher levels in the short term.
• Weekly chart also should hold above 1657 for confirming a breakout otherwise a false pattern is possible. Bulls are safe above this level.
• S&P 500 ANALYSIS AFTER CLOSE

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S&P 500 Analysis after closing bell

• SPX Charts shows price bouncing from the 1422 level. Bears need a daily and weekly close below this zone for a bigger down move.
• Daily chart candle looks bullish with large lower shadow. Price closed at 50 Day SMA. Bulls need price to sustain above this line for sustaining the bounce.
• Hour and 15 Minutes shows possible resistances for this up move.

GOOGLE Chart update

 

• GOOGLE Daily chart moving towards 100 Day SMA.
• Weekly chart shows price testing a support zone between 658 - 669.
• If Month candle closes at its lows it will confirm a monthly bearish engulfing pattern which will extend bearishness into the following months.
• APPLE TREND UPDATE

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