APPLE Weekend update

 

• 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 Analysis after closing bell

 

 

• 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 Chart analysis

• 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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