Descending broadening wedge of QQQ

• QQQ Daily chart shows a descending broadening wedge. Pattern breaks mostly on the opposite side of the prevailing trend.
• Crucial support for qqq at 200 Day SMA.
• Resistance at Daily cloud and 50 Day SMA.

AMBUJA Cements Bearish engulfing and support levels

• Ambuja Cements daily chart shows a bearish engulfing pattern.
• Price has crucial support at 20 Day SMA and 205 levels. 20 SMA should break on closing basis for the bearish engulfing to work well.

SPY Weekend update

 

• SPY Weekly chart shows possible Bearish PIN BAR, But correction if happens is likely to be small because of the up trend line from 134 levels.
• Daily chart shows possible support at 20 day SMA and 38.2% Fib level.