IWM Weekend update

 

• IWM Daily chart with RSI shows negative Divergence and RSI Overbought. Daily also shows price in a range. Breaking below the range may take price towards the channel support line shown in last chart.
• S&P 500 Weekend update

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Dow Jones Weekend update

• Dow Jones Weekly chart shows a shooting star candle and a follow up bearish candle.
• Daily chart is at crucial levels. Sustaining below 50 and 100 SMA could bring down prices towards the support line shown in second chart.
• S&P 500 Weekend update

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CRUDE Oil Weekend update

 

• Crude Oil Month chart shows Weakness at Golden ratio. Twice before this setup has given good trades for Crude oil bears. Weekly chart shows price testing crucial support at 102 levels. Daily chart is trading below the cloud. Sustaining below the cloud means weakness. Closing below 102 levels may extend the fall. 
• S&P 500 Weekend update

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S&P 500 Weekend update

• Charts shows weakness and bears may gain strength on price closing below 20 and 50 Day SMA.
• Setup in Weekly chart suggests a likely correction towards middle bollinger band before price move up again.
• CRUDE Oil at support zone

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CRUDE Oil chart update

• Crude oil testing crucial support zone. Bigger correction only on breaking below 102 levels

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Bank of America Chart update

 

• Bank of America Daily chart testing 100 Day SMA. Last two dips below this level has resulted in up moves.
• 2nd chart shows price violating support zone. Price may Dip towards the rising support line in weekly chart before a bigger bounce can happen.

GOLD Chart analysis

 

• GOLD Daily and Four hour charts shows price near crucial resistance levels.
• Daily chart also shows price contraction which could give a big trading move on breakout.

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