March 27, 2014

AMAZON Chart analysis

  • Amazon testing the 200 Day SMA and Crucial support zone. Daily and Weekly close below these levels will favor bears for bigger falls.

ES Chart update

  • 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 Analysis after closing bell

  • 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.