- Facebook pausing at confluence of support level. Closing below this zone on closing basis may lead to bigger correction.
- ES one hour and 4 hour charts with possible resistance levels
- QQQ Weekly chart shows weakness after negative divergence.
- More weakness if price starts to trade below 100 Day SMA.
- Blackberry Daily chart shows range breakdown with volume spike.
- Price testing 100 Day SMA and 50% Fib level. Closing below these levels may lead to the recent swing lows again.
- Price testing crucial support levels of daily time frame.
- Bigger weakness for EURUSD if price starts to trade below 100 Day SMA and the cloud.
- Bullish candle here may give a bounce for EURUSD Bulls.
- Daily chart is testing its 50 Day SMA after a Dark cloud cover pattern in daily time frame
- Weakness in daily chart is yet to affect the weekly time frame.
- Amazon testing the 200 Day SMA and Crucial support zone. Daily and Weekly close below these levels will favor bears for bigger falls.
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- ES Daily chart shows price trying to stay above Confluence of support levels. 50 Day SMA and previous resistance is trying to stop a bigger fall from happening.
- Apple daily chart shows a bearish engulfing pattern near the recent swing high of 551. Weakness though can only be confirmed if price falls back below the daily cloud and the falling resistance line.
- Gold daily chart shows price pausing at 38.2% Fib level.
- For gold bulls price must close back above 50 day SMA.
- One hour chart shows price trading below the cloud. Price sustaining below the hourly cloud will continue to favor Bears.
- Crude oil daily chart shows price testing 200 Day SMA.
- Price unable to close back above 200 SMA may give bigger falls for crude oil.
- SPY Weekly chart shows negative divergence
- Daily chart shows previous resistance zone near 184 levels trying to act as support
- Crucial support for SPY is the 50 Day SMA. Sustaining below this line a bigger fall is possible
- Facebook daily chart shows price trading below crucial support zone.
- Price is testing 50 Day SMA and nearing daily cloud. Price if sustains below 50 day SMA may target the GAP shown in first chart.
- Gold weekly chart has a bearish engulfing pattern.
- Engulfing pattern will gain strength if price starts to close below 50 Day SMA and 38.2% Fib level.
- Nifty trading in a small range.
- Price if shows weakness may retest the previous range's resistance level. Bigger weakness only if price starts to trade back into the previous range.
- Last chart shows a possible weekly resistance line. Bulls must stay above this line to avoid a correction.
- INTEL Daily chart shows a Bearish dark cloud cover candlestick pattern. Weekly chart shown with price getting resisted at previous resistance level at 25.68. Weakness can be confirmed on price closing below 50 day SMA.
- FACEBOOK Support and Resistance levels
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- Price near 5 Week High EMA Which has acted as resistance so far. Daily chart too shows possible resistance at 50 Day SMA.
- Crucial support for the stock is seen at the 38.2% Fib level shown in weekly time frame.