- Weekly chart of HPQ trying to stay above 38.2% Fib level and 100 Week SMA. Sustaining above these levels may result in a bounce.
- Price have fallen below 50 and 100 Day SMA. Sustaining below these levels may lead to a bigger fall. So bulls must take price back above 100 SMA to avoid further correction
- S&P 500 Weekend update
- APPLE Support and Resistance levels
-->
- Bank of America weekly chart shows the larger up trend still intact. The current fall looks like a correction in an up trend.
- Daily chart shows price below 20 Day SMA which is the immediate resistance level. 50 day SMA and 13.98 level is the immediate price support zone.
- APPLE Support and Resistance levels
-->
- Apple weekly chart shows strong resistance at 100 Week SMA.
- Immediate support at 23.6% Fib level and 20 Day SMA. Price closing below 23.6% will extend correction. Strength only on price closing above 100 Week SMA.
- S&P 500 Weekend update
-->
- SLV Shows weakness near Weekly Upper Bollinger band and the GAP shown in daily chart.
- Price is fast moving towards the 23.6% Fib level which may act as immediate support. If this level does not hold price may fall to the rising 20 Day SMA in the short term.
- S&P 500 Weekend update
-->
- Daily chart shows bulls trying to hold above the cloud. Breaking the cloud on closing basis will strengthen bears further.
- Bulls need to trade above 100 Day SMA to avoid a fall.
- Weekly up trend line is not violated yet. Taking support at this line may save bulls from a bigger fall.
- Weakness Below 1627. Strength on closing above 100 Day SMA.
-->
- GOOGLE Daily chart is testing previous resistance level at 843 which may act as support.
- Previous support is also the 50% Retrace level in daily chart.
- Weekly is not looking good for bulls as price makes another close below 20 Week SMA and is likely to target the Weekly lower bollinger band in the coming weeks.
