November 17, 2016

  • Cisco bulls testing crucial support zone around 29 levels as shown in Weekly time frame. For a bigger fall price need to do a weekly close below this zone.
  • Daily chart is nearing 200 Day SMA. Last chart also shows support lines which if held can result in a bounce for the stock.
  • More bearishness only on a daily close below 200 Day SMA
  • ES One hour chart analysis
  • APPLE Support at 200 Day SMA
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  • ES continues to stay above 100 Period SMA.
  • 100 SMA and 2169 are crucial number for bulls to stay above in hour chart.
  • Breaking below this may lead to 2150 levels.
  • Sustaining above these levels should give 2180 and 2184 levels.
  • CRUDE Oil chart analysis
  • APPLE Support at 200 Day SMA
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  • The Descending triangle in daily chart shows the near 500 points breakdown. Price broke down,bounced from 200 Day SMA, Retested the broken triangle and fell again.
  • Price is testing 200 SMA again. Bears trying to keep price below the crucial moving average. But for bears the crucial number will be 8000.
  • Hour chart shows immediate support zone between 8000 and 8100.
  • CRUDE Oil chart analysis
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  • Apple daily chart shows a bullish move from 200 Day SMA.
  • Immediate resistance is at 112.
  • If price stays above 112 then 116 and 118 levels are possible.
  • 4 Hour chart also shows 100 Period SMA around 112 level.
  • So for a bigger up move Apple bulls must break and close above 112 levels.
  • CRUDE Oil chart analysis
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore