- Apple daily chart shows price violating the rising support line. Daily chart is trading below 50 Day SMA, Next major support is the 100 Day SMA.
- Fib levels shows price testing 23.6%. Daily close below 23.6% Fib level may give an extended fall for apple bears.
- ES Broadening formation
January 10, 2014
- Facebook Hour chart shows price getting rejected at recent swing High.
- Price is nearing 50 Hour SMA and Golden ratio. These levels must be broken for extending the fall.
- Daily chart shows a bearish engulfing pattern. Bearish engulfing patterns are strong reversal patterns but needs confirmation with falling prices on higher volumes.
- Crude oil hour chart shows price continues to create new lows.
- Hourly chart is trending down below the cloud. Pause in fall can be seen only if price starts to trade above the hourly cloud.
- Weekly chart shows price violating the crucial 200 Week SMA. A weekly close below this line may strengthen the bears of crude oil further.