- QQQ Daily chart shows price getting resisted at 100 Day SMA.
- Price closed just below 200 Day SMA with a Bearish Engulfing pattern. Further down move on falling below 64.73 levels.
- Price may test 50 Week SMA during next week.
- Weekly stochastic continue to move down without any hint of a turnaround. Price staying below the weekly up trend line will add to the pain of Bulls.
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APPLE WEEKEND UPDATE
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- Price line weekly chart breaking above crucial resistance line.
- Price managed to close above 20 Week SMA. But was resisted at the top of the weekly cloud. Weekly close above the cloud should result in a bigger up move possibly towards Weekly upper bollinger band shown in the second chart.
- IWM WEEKEND UPDATE
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APPLE WEEKEND UPDATE
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- IWM Daily chart shows price continuing the correction inside a falling channel.
- Daily chart shows price getting resisted at 50 Day SMA and Falling towards 200 Day SMA which has given support in the recent past.
- Now daily chart has given a bearish engulfing pattern. For this to work well price has to break below the up trend line which started at 60 and run through 72.94 levels for a bigger down move to happen.
- APPLE WEEKEND UPDATE
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- Dow Jones weekly chart shows price near crucial up trend line and Horizontal support level near 12977.
- For another week price has closed below 20 Week SMA. If price sustains below 20 Week SMA Dow could fall towards its 50 Week SMA.
- Daily chart shows a bearish engulfing pattern which needs confirmation. For bears price should break and stay below 38.2% Fib level for an extended fall to happen.
- APPLE WEEKEND UPDATE
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