- INTEL Weekly chart shows a triangle pattern with price moving towards the resistance line of the triangle. On closing basis price has closed outside the pattern as shown in second chart.
- Last chart shows price closing above 100 Week SMA. Sustaining above this line should lead to up moves in the coming week.
- ES Ascending Triangle
- DOW Jones Weekend update
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- Dow Jones Daily chart shows RSI moving towards overbought zone and price is likely to hit the resistance zone marked in chart. Daily MACD is looking strong, a Red bar on the MACD histogram when price hits the resistance zone may hint of a reversal.
- Weekly chart shows a developing negative Divergence and it shows some more up side before the reversal can start.
- ES Ascending Triangle
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- Netflix weekly chart shows big negative Divergence with Price and RSI. Daily chart is also showing bearish price action, But the weakness due to divergence can be confirmed only if price starts to trade below 50 Day SMA.
- Weekly chart looks like it may correct to the rising support line of the channel in the coming week.
- CRUDE OIL Weekend update
- ES Ascending Triangle
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- Cisco weekly chart shows price testing the up trend line and 50 Week SMA. Bullish weekly candle here could confirm a reversal.
- Daily chart shows price trading below the crucial 200 Day SMA so the stock continues to look weak and a Bullish reversal can be confirmed only if price starts to sustain above the 200 SMA and the falling resistance line shown in last chart.
- ES Ascending Triangle
