INTEL Rising Wedge and Negative Divergence

• INTEL Weekly chart shown with a rising wedge pattern.
• Weekly MACD also shown negative divergence.
• Bears of Intel need a close below 50 Day SMA for a bigger correction to unfold. 
• APPLE WEEKEND UPDATE

QQQ Support levels

• QQQ Near 50 day SMA and 23.6% Fib level. closing below these levels will add strength for bears.
• Crossing 67 level may give a rally in favor of bulls.
• APPLE WEEKEND UPDATE

APPLE Weekend update

• Day of Apple closed near 50 Day SMA. Price is yet to test the Daily Ichimoku cloud as seen in the 2nd chart.
• Weekly chart shows a bearish candle with one of the highest volume in recent times.
• Price has fallen from 644 to 570 levels and the Weekly MACD sell signal is yet to come. If bears get a sell signal then things will be bad for Apple Bulls. It's only a possible scenario and let 50 Day SMA or the Daily cloud save Apple bulls from a bigger fall.
• APPLE TREND UPDATE
• S&P 500ANALYSIS AFTER CLOSING BELL

S&P 500 Analysis after closing bell

• Daily chart has closed below both 20 and 50 day SMA. But price remained inside the bearish flag. 
• 2nd chart shows price consolidation above daily ichimoku Cloud. Price yet to test the cloud.
• One hour chart shows 50 Hour SMA below 200 Hour SMA a potential bearish setup But price need to confirm by breaking the support levels mentioned in the chart.
• APPLE TREND UPDATE

APPLE Trend update

• Apple hour charts looks bearish as it trades below 50 and 200 Hour SMA. Any rise from here will find resistance at these levels.
• Day chart is trading near 50 Day SMA. If price takes support at this level we may see an up move in apple. For a bigger up move to happen price need to stay above the levels shown in the last two charts.

CRUDE OIL Chart analysis

• Crude oil daily chart shows price contraction and price approaching the apex of the pattern which may lead to a breakout or breakdown.
• Price also near the resistance line of a falling channel.
• An upper breakout can be confirmed on closing above 50 Day SMA.
• Trading below 100.68 may lead to a bigger correction.

S&P 500 Futures channel update

• ES one hour chart the channel with 50 Hour SMA. Price sustaining above 50 Hour SMA may lead to the channel top gain.
• Four hour chart shows price getting resisted above 200 period SMA. Bulls need a clear breakout above this level or another correction towards 50 Period SMA of four hour chart can happen.
• S&P 500ANALYSIS AFTER CLOSING BELL