- Weekly chart shows a descending triangle kind of pattern which is bearish. Week or daily closing below 92 may trigger a bigger correction for the stock. Month chart shows possibility of price testing the rising support line if 92 is broken
May 10, 2016
APPLE Chart update
ES Analysis before opening bell
- ES Bulls trying to protect 50 Day SMA.
- 4 Hour chart shown as immediate resistance.
- Bigger weakness only on a daily close below 50 Day SMA.
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