- SPX Weekly chart shows price moving up from the rising support line
- Price has also managed to close back above 50 Day SMA.
- Earlier price took support near 50% retrace level and is nearing potential resistance at the broken 23.6% Fib level and previous support resistance area.
- IWM WEEKEND UPDATE
-->
- EURUSD 4 Hour chart shows resistance at cloud top
- Price is also pausing at 50% Fib level and 100 period SMA.
- ES 4 Hour chart shows price near the falling resistance line
- Confluence of resistance with 200 Period SMA and recent Swing high at 1667 levels.
- Presence of 50% retrace level will also make it tougher to do a breakout here.
- APPLE Weekend update
-->
- Weekly chart of IWM shows price in a strong up trend and price is testing the falling resistance line and 20 Week SMA. These two levels has acted as good support areas for entering longs.
- Daily chart too is showing a MACD bullish cross. If price stays above the falling resistance line we may see an up move in IWM towards the recent high's.
- APPLE Weekend update
-->
- Previous support zone continues to act as resistance in weekly chart.
- Multiple resistance levels like 38.2% Fib level and 100 Week SMA is making it tougher for bulls to move higher.
- Further weakness if price falls below 23.6% Fib level shown in daily chart.
- Gold 4 hour chart shows a Bull Flag pattern.
- Price need to trade above the 4 Hour cloud for the above pattern to perform well.
- Weakness on trading below 1350 and the 200 period SMA.
- SLV WEEKEND UPDATE
-->
- SLV Weekly chart shows price weakness near the GAP.
- Presence of falling resistance line and 38.2% Will make it tougher for SLV Bulls to move up.
- Strength on price moving into the GAP area on daily closing basis. Further Weakness below 22.18 and 22.02 levels.
- S&P 500 ANALYSIS AFTER CLOSING BELL
-->
