- First chart shows price testing weekly resistance zone of 1470 - 1474
- Weekly MACD Lines are showing a bullish cross which should help bulls to break above the resistance zone.
- Last chart shows possible resistance line. Price sustaining above 20 Week SMA Should take SPX towards this resistance line. For next week the resistance line is around 1513 levels.
- RIMM WEEKEND UPDATE
- JP MORGAN CHASE WEEKEND UPDATE
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- IWM Monthly chart shows price violating previous resistance level.
- Second chart shows a resistance line in weekly chart which has worked well so far for bears.
- Last chart shows MACD and Price with negative divergence. Bears need to see weakness at the resistance line to confirm Negative divergence. Day's closing above the resistance line means possibility of a bigger up move.
- RIMM WEEKEND UPDATE
- JP MORGAN CHASE WEEKEND UPDATE
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- Bank of America Daily chart shows a trend line break and a MACD Sell Signal.
- Month chart is showing weakness at upper bollinger band. Upper bollinger band is at 11.92 level.
- Weekly chart is shown with Fib levels. Price managed to close the week above Golden ratio. For a bigger fall price must fall below the golden ratio.
- For bulls of BAC Price must sustain above 11.92 which is the Upper Bollinger band in month chart.
- JP MORGAN CHASE WEEKEND UPDATE
- RIMM WEEKEND UPDATE
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