- Price testing 100 Day SMA and 50% Fib level. Stock is showing strong bearish momentum.
- Weekly chart shows MACD moving towards a sell signal which may help bears to extend the fall.
- S&P 500 WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 2, 2013
COCA COLA Chart analysis
IWM Weekend update
- IWM Daily chart shows price testing 20 Day SMA and 23.6% Fib level.
- Weekly chart shows negative divergence which will do well if price breaks the support levels shown in daily chart.
- S&P 500 WEEKEND UPDATE
QQQ Weekend update
- QQQ falls below 20 Day SMA.
- Weekly chart shows a potential false breakout setup which may give a bigger fall if price stays below 72.76 level.
- Last chart shows price near 23.6% Fib level. Bears need a close below this level for extending the fall.
- S&P 500 WEEKEND UPDATE
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