- ES One hour chart shows price above the falling resistance line
- Price about to move above the Hourly cloud. Price need to sustain above the cloud for this up move to extend.
- Four hour chart shows a possible resistance level at 23.6% Fib level.
- S&P 500 ANALYSIS AFTER CLOSE
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APPLE WEEKEND UPDATE
- IWM Weekly chart below 50 and 100 Week SMA. Weekly stochastic is yet to reach oversold zone and It is yet to show a turnaround. If 38.2% Fib level and Last week's low 76.13 fails to hold we may see more correction in IWM.
- If Friday's up move holds then we may see price moving towards 50 and 100 Week SMA. Falling resistance line shown in last chart could be the target if the Bounce continues.
- S&P 500 ANALYSIS AFTER CLOSE
- APPLE WEEKEND UPDATE
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- Ford Motor Daily chart at up trend line
- Price is testing 50 Day SMA.
- Weekly candles are falling from the cloud. For a bigger up move price must trade above the cloud. For now if 50 SMA and daily trend line fails to hold we may see extended correction.
- S&P 500 ANALYSIS AFTER CLOSE
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- QQQ Weekly chart shows Stochastic approaching oversold zone. There is no sign of reversal yet.
- Price could continue to fall towards 59.80 - 60.0 zone which is the crucial support are in weekly chart.
- 59.80 - 60.0 level also has the 50% Fib level and 100 Week SMA which makes it a confluence of support.
- S&P 500 ANALYSIS AFTER CLOSE
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APPLE WEEKEND UPDATE
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- NIFTY is near the Up trend line in daily chart. This line has held so far more correction only if this one breaks.
- Price has closed below 50 Day SMA. During this up move from 4770 levels all closes below 50 SMA is followed by up moves. Bulls are hoping this happen again.
- Weekly chart shows MACD nearing a sell signal. Price managed to close below 5 Week LOW EMA. Sustaining below this line will add strength for the MACD Sell signal.
- NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH
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- Daily chart of apple has given a Hammer, Hammer does not look perfect But the volume for the day looks good. Bulls need more up moves to confirm this reversal pattern.
- Weekly chart shows Stochastic in oversold zone. For this setup to work in favor price must sustain above 522 levels.
- Finally the hour chart shows price continuing its stay below the cloud. Price must trade above the hourly cloud for a bigger reversal to happen.
- S&P 500 ANALYSIS AFTER CLOSE
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- SPX Closed the week below the Rising wedge pattern.
- Price is testing 50 Week SMA. Bears need a full weekly candle below 50 Week SMA to confirm a bigger breakdown. But for now the shadow of the current weekly candle suggests of an oversold bounce.
- Bulls also has the support of the Golden ratio. But this bounce may not be a bigger one unless price decides to move above 200 and 20 Day SMA quickly.
- ES CHART ANALYSIS
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