- Doji star of Weekly chart continue to do well for bears. Remember Apple also has a PIN BAR Formation in Monthly chart CHECK This post for the monthly chart of apple.
- Candlestick formations tend to do well in bigger time frames.
- Price has violated 200 SMA But not with great volumes. Apple looks oversold. We may see some more downside possibly towards 550 - 560 zone. Stock may give an oversold bounce from this zone.
- SPY ANALYSIS AFTER CLOSING BELL
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- SPY Daily chart shows a bearish engulfing pattern.
- Daily chart stopped moving up at 50 Day SMA. 20 AND 50 Day SMA acted as resistance.
- Support for next week is at 20 Week SMA. Bears would gain strength below this level.
- APPLE TREND UPDATE
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- Gold correction continues from the range top.
- Price is testing 50 Week SMA. Correction will extend if week closes below this level.
- Possible bounce or support can happen at the Golden ratio in daily.
- SILVER CHART ANALYSIS
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