SPY Analysis after closing bell

 

• SPY Daily is trying to stay above 100 Day SMA
• Weekly support seen between 198-201 which was previous resistance zone.
• Bears need a close below 20 Week SMA for bigger falls to happen

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APPLE Support zone

• Apple daily and weekly chart shows possible support levels for a long trade.
• Bulls need to hold above 100 Day SMA on closing basis for the bounce to extend.
• BANK OF AMERICA SUPPORT ZONE

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Bank of America Chart update

• Bank of america has given good correction from the bearish engulfing pattern. For Now price is testing a crucial support zone as shown in four hour chart. Daily chart too is trying to stay above 100 Day SMA. If daily time frame manages to stay above 100 SMA a long trade looks possible.
• BANK OF AMERICA WEEKEND UPDATE

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S&P 500 Futures chart update

• ES Four hour is staying below the crucial 100 Period SMA
• One hour too is trending below hourly cloud.
• If 50% Fib level does not hold a test of golden ratio is likely soon.
• APPLE WEEKEND UPDATE

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TATA Motors chart analysis

• TATA Motors weekly chart shows 20 Week SMA as immediate resistance level.
• Daily chart is testing golden ratio and cloud. Moving above these levels may target the range top near 550 levels.
• Weakness if price is unable to cross the golden ratio.

Bank of America Weekend update

• Bank of america weekly chart shows a pause or bearish candle at crucial resistance zone of 18 levels.
• Negative divergence and Broadening pattern also shows a likely bearish move in the coming week.
• Weakness can be confirmed below 17.60 levels. Price may test the rising trend line shown in weekly chart.
• APPLE WEEKEND UPDATE

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APPLE Weekend update

 

• Apple weekly chart shows negative divergence with price and RSI. Weakness for divergence can be confirmed only if price starts to trade below 20 Week SMA.
• Immediate support levels are 106 are and 100 Day SMA.
• CRUDE OIL TREND UPDATE

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