ES Chart analysis

• ES 4 hour chart shows price trading near resistance zone.
• If price starts to show weakness in smaller time frame then ES is likely to remain in the range shown in 4 Hour chart.

GOLD Below 200 day SMA.

• Gold falls below the crucial 200 Day SMA.
• Weekly chart shows bearish engulfing at weekly cloud. Weekly chart continues to favor bears of Gold.
• Next hope for gold bulls is the approaching golden ratio shown in daily time frame.

FACEBOOK Support levels

• Facebook pausing at confluence of support level. Closing below this zone on closing basis may lead to bigger correction.

ES Resistance lines

• ES one hour and 4 hour charts with possible resistance levels

QQQ Weekend update

 

• QQQ Weekly chart shows weakness after negative divergence.
• More weakness if price starts to trade below 100 Day SMA.

BLACKBERRY Weekend update

• Blackberry Daily chart shows range breakdown with volume spike.
• Price testing 100 Day SMA and 50% Fib level. Closing below these levels may lead to the recent swing lows again.

EURUSD Chart analysis

• Price testing crucial support levels of daily time frame.
• Bigger weakness for EURUSD if price starts to trade below 100 Day SMA and the cloud.
• Bullish candle here may give a bounce for EURUSD Bulls.