- First chart of nifty shows price movement inside the range. Bears need a close below 5635 levels, Targets on down side will be the GAP area or the rising up trend line as shown in the second chart.
- On weekly closing basis nifty bulls are trying to protect their position above the Golden ratio. If this is broken on weekly closing basis we could see a bigger correction towards 50% Fib level.
- NIFTY INTRADAY CHART WITH AUTO REFRESH
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- First chart shows Price testing crucial support zone.
- Second chart shows price Trying to hold above 100 Week SMA.
- Third chart shows a parallel support line if the Down move continues.
- Last chart shows positive divergence in daily time frame with RSI. If last week's low is held up move may start from here. If the low is broken then up move may start from the parallel support line shown in the third chart.
- APPLE WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
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- BAC Weekly chart shows a bearish engulfing pattern at 100 Week SMA.
- Daily chart shows a triangle breakdown.
- Last chart shows price breaking below daily up trend line. More falls on price breaking below 50 day sma.
- IWM WEEKEND UPDATE
- APPLE WEEKEND UPDATE
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- Daily chart of apple is looking for a bounce from 200 Day SMA. The long shadow of the candlestick at such a significant moving average is likely to give a bounce before the next down move happens.
- If the bounce does not go much higher and instead breaks last weeks low at 591 we could see either the lower Bollinger Band or 50 Week SMA as targets on the down side.
- S&P 500 WEEKEND UPDATE
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- IWM Weekly chart shows price testing the up trend line.
- Daily chart is testing 100 Day SMA.
- Daily cloud has been violated. If price sustains below the cloud bears will be able to break the above mentioned crucial support levels. Bulls need to get back into the cloud to avoid further correction.
- S&P 500 WEEKEND UPDATE
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- S&P 500 Daily chart shows crucial support at the Cloud Base and 100 Day SMA.
- Weekly MACD has given a sell signal which will be effective if price trades below 20 Week SMA. 2nd chart shows price getting support at 20 Day SMA.
- For next week if price does not hold above 100 Day SMA Price may fall towards the weekly support line shown in the last chart which is near 1387 levels approximately.
- IWM WEEKEND UPDATE
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- SPY 30 Minutes chart with immediate resistance levels between 141.90 - 142.27
- Bulls must break above the 30 Minutes cloud for an up move to start.
- 23.6% Fib level too may act as resistance.
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