- SPY Daily chart shows price testing the crucial 100 Day SMA and Ichimoku cloud
- Weekly chart is near the rising support line from 134 levels.
- If the levels are held an oversold bounce is likely here. Recent price action in weekly chart does favor bears But it needs to break the crucial up trend line to extend gains on the downside.
- FORD DEATH CROSS UPDATE
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- Crude oil one hour chart shows an ascending triangle pattern.
- Price if continues to stay above 50 day sma may lead to 200 sma.
- Price need to close above the falling resistance line shown in chart 2 for a bigger up move to happen.
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FORD DEATH CROSS UPDATE
- Ford Daily chart is nearing a Death cross.
- Weekly chart is testing 50 Week SMA and a crucial support zone between 15.10 and 15.30. Death cross will perform well if the above mentioned levels gets broken on closing basis.
- YAHOO Chart Analysis
- Weekly MACD Bearish cross looks good for Bears of Yahoo. MACD histogram and price also shows negative divergence. But price has to trade below 20 Week SMA for a bigger down move to happen.
- Daily chart shows price getting support at the cloud. Price must close below the cloud for a bigger correction.
- Price staying below 50 Day SMA will favor bears of yahoo.
- FACEBOOK Chart update
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- ES Daily chart shows previous resistance line acting as support so far.
- 38.2% Fib level too has given support. One can add the 100 Day SMA to there as well which makes this a crucial support zone.
- Hour chart shows price unable to stay above the hourly cloud.
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Bank of America Trend update
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- GLD Weekly chart shows price near falling resistance line.
- Daily chart shows price testing resistance zone between 121.82 - 122.83.
- Last chart shows price near Middle Bollinger band. GLD Bears need a negative candle at 20 Week SMA for a bigger downfall to happen.
- GOLD TREND ANALYSIS
- Apple Gap's down and closed the day below 100 Day SMA. Sustaining below 100 SMA may target 200 day SMA in the coming day's.
- Weekly chart has fallen below 20 Week SMA. Weekly chart also shows a bearish MACD cross.
- Last charts shows weekly Top's. For the current breakdown price is likely o test 50 Week SMA.
- FACEBOOK SUPPORT LEVELS
