- The pin bar of daily chart has given a correction for bears.
- Daily chart managed to close above 50 Day SMA.
- Weekly chart too has given a bearish candle. It looks like an inverted hammer pattern. This one will be effective if Price in daily chart starts to trade below 50 Day SMA on closing basis.
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- EURUSD Daily chart testing the resistance zone.
- 2nd chart shows the presence of a golden cross in daily time frame. Golden cross will do well if price breaks and sustains above the resistance zone.
- Last chart is the weekly time frame with price above the falling resistance line. Week closing near the high's may favor bulls of eurusd for the coming weeks.
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- SPY Hour chart testing crucial support levels at 100 Hour SMA and the Hourly ichimoku cloud. Break below these levels may take SPY towards 38.2% Fib level shown in last chart.
- QQQ 4 Hour chart shows price near range bottom.
- One hour chart shows price testing 200 Hour SMA.
- Fibonacci levels shows price near 38.2% Fib levels.
- Bears need a close below the range. Sustaining above 200 Hour SMA may give an up move towards the top of the range.
- APPLE SUPPORT LEVELS
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- Apple monthly chart shows crucial lows made between 505 - 522 levels.
- Apple month chart with Bollinger Band shows price near Middle bollinger band or 20 Month SMA. Price not violating this level will favor bulls of Apple.
- Weekly chart shows the slopping support line and Oversold RSI. Bears need to break the support line on weekly closing basis for a possible target of 470. Week closing above the support line will save bulls from bigger falls.
- APPLE DEATH CROSS
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- RIMM Sustaining above 50 Week SMA has entered the weekly cloud. For the down trend of the stock to reverse price must trade above the weekly cloud.
- Weekly chart has already reached overbought zone. Bulls need price to sustain above 50 Week SMA for the current up move to continue. If price does not loose momentum it could target either the 100 Week SMA or the 23.6% Fib level as shown in last chart.
- Weakness below 50 Week SMA.
- S&P 500 ANALYSIS AFTER CLOSE
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- First chart shows correction from the falling resistance line.
- Bigger correction can be seen if the black up trend line shown in the second chart does not hold.
- Price also testing 50 Day SMA. Bears need a daily close below this level for an extended fall.
