APPLE Analysis before opening bell

• Apple takes support at Golden ratio.
• Price moves above 20 Day SMA. Immediate resistance levels at 38.2% Fib level and 100 Day SMA.
• DOW Jones Analysis after closing bell

-->

BANK Nifty Chart analysis

 

• Bank Nifty near 50 day SMA.
• Price also near previous support level (10780) and 38.2% Fib level.
• Weekly candle is looking bullish, Bigger up move possible if price starts to trade above 20 Week SMA.

-->

DOW Jones Analysis after closing bell

 

• Dow Jones is trading near a crucial resistance line and 78.6% Fib level. For bears its crucial that price shows weakness here. Bears further need a close below 50 day SMA to confirm bearishness.
• Price if continues to stay above 50 Day SMA will clear the above mentioned resistance zone and may take price towards newer High's.

APPLE Support and Resistance levels

• Apple Hour chart shows the fall pausing at Golden ratio.
• Price must trade above the 30 Minutes cloud for a bigger up move to happen.
• Hour chart shows price trading below 200 Hour SMA. 

ES Chart analysis

• ES one hour has fallen below 200 Hour SMA.
• Four hour chart shows possible support at the cloud which may save bulls from a bigger fall.
• QQQ ANALYSIS AFTER CLOSING BELL

-->

BLACKBERRY Bearish Engulfing

• Blackberry shows a bearish engulfing pattern near recent swing High. If price starts to trade below 10.21 this can also act as a Double top pattern. Setup may not give bigger gains for bears as price staying above 200 Day SMA. 
• Bearish view will be invalid if price close above 10.85. Bullish inverted head and shoulders can also play out if price stays above 200 Day SMA. 
• QQQ ANALYSIS AFTER CLOSING BELL

-->

QQQ Analysis after closing bell

• The broadening pattern of QQQ discussed in an earlier post continue to be valid..
• The Daily MACD is showing bearish alignment But needs price to close below the range for confirming weakness.
• GOLD CHART ANALYSIS

-->