- Google daily shows price testing the upper end of the range.
- One hour is sitting at the cloud. Bears need price to break and close below the hourly cloud for a possible Down swing to start.
- Price for now is staying below 50 period SMA. Bears should keep price below this line to build bearish momentum.
QQQ Weekend update
October 22, 2017
- QQQ Daily chart shows price nearing crucial resistance line.
- Weekly Chart shows a potential Bearish Doji. This one needs confirmation though. Price should open lower and close lower and it should not Move above the Current Doji for the candle to be most effective.
- Weekly chart also shows Big negative Divergence. But it also shows MACD Lines close to a bullish crossover which could be a Fake setup as well.
- ES ANALYSIS AFTER CLOSING BELL
October 21, 2017
- SINA 4 Hour time frame shows price testing crucial support zone around 109. This time frame also shows price near 100 Period SMA. Price closing below these levels may complete The Triple Top.
- If price stays below 100 Period SMA Then stock may fall towards 100 Levels.
- Bulls need to protect 109 for a reversal up move to start from the current levels.
- ES ANALYSIS AFTER CLOSING BELL
- Daily chart shows another MACD Bearish cross that Did not happen. Histogram of MACD Clearly shows a negative divergence But this too did not work and Bulls managed to take price up Before a Bearish cross of the MACD Lines could happen.
- Hourly chart shows the resistance line of the recent pattern Acting as support.
- Last chart shows immediate support levels in Hour time frame.
October 20, 2017
- The bearish rising wedge pattern did move towards Bears but only for a little while. Technically it reached the Target which was the base of the pattern But for the Negative divergence seen it could've done more. But bulls though otherwise.
- Now the base of the pattern around 2540 becomes a crucial support zone since Bulls found support there during this correction.
- Price in one hour has moved back above the cloud.
October 18, 2017
October 17, 2017
- 4 Hour contraction is moving up with Negative divergence. Price if falls below the rising support line will give the Correction for Negative divergence.
- One hour cloud continues to be good for ES Bulls. Negative divergence shown in first chart may start working if price in Hour closes below the cloud. Till then Bulls in control.
October 16, 2017
- 4 Hour continues to be in a sideways contraction pattern. This looks bearish to me But one thing in favour of the Bulls is the Hourly cloud. One hour cloud must break on closing basis for a swift fall to follow. If Hour cloud holds then steady up moves are likely to continue.
October 13, 2017
October 12, 2017
October 11, 2017
- Nifty Week shows price in a 450 Plus range. Weekly MACD Has a sell signal. So any up swing inside this range should be watched cautiously.
- Hour up swing is getting tested.
- Up move may resume if price gets support at 30 Minutes cloud. Otherwise a bigger correction is possible.
- NIFTY Weekend update
October 10, 2017
- Hourly cloud is acting as support. Weakness only if bears manage to close below the cloud.
- Hour is in a range. Bigger moves only when range gets resolved. Staying above 100 SMA an upper breakout is possible. Below the cloud price may move towards 2520 levels. Breakout above the range can give 2560 plus levels.
- Infosys Multi Years support line shown in first chart has saved bulls from a bigger fall.
- Second chart shows a possible False breakdown scenario, Mostly this is followed by swift move on the opposite direction. But Bulls has one more hurdle Which is the Falling resistance line of a Descending triangle pattern. Bearish Only if price starts close below 900 levels again.
October 9, 2017
- GE Month trending down after a Trend line breakdown.
- Second chart shows price approaching a crucial support zone. Bulls must protect 23.40 to avoid more weakness. Possible bounce or reversal if this level is held.
- Daily chart shows price trending down below the cloud. For a bigger bounce or reversal price must move above Daily cloud.
- GOOGLE Range and Month Trend update
- Daily range shows price nearing the resistance zone.
- Month chart shows the Bullish trend. Breakout above 1008 is possible. If gets resisted around here then price likely to remain in the aforementioned range and move sideways towards the Monthly trend line.
- Monthly chart shows breakout resulting in 200 points each.
October 8, 2017
- 4 Hour chart shows a Small up move in a Down swing. Price is near crucial resistance levels. Staying below the cloud will help Apple bulls to resume the fall. Daily time frame too shows resistance at 20 Day SMA.
- Weakness below 152 and 149 levels. Closing the Day above 20 Day SMA may change momentum in favour of Apple Bulls.
- AMAZON Chart Analysis