December 20, 2015

S&P 500 Weekend update



  • SPX Weekly chart shows price bulls trying to hold above 100 week sma.
  • Fib levels and support zone shown in other charts also shows crucial price level around the same area. So its crucial for bulls to defend this 1990 - 2000 price zone.


December 19, 2015

ES Intraday update


  • ES bulls need price to move back above the cloud for a reversal to happen from the current levels.

December 18, 2015

Apple Chart analysis before opening bell


  • Apple weekly chart shows a descending triangle pattern. It also looks like a Head and shoulders pattern. The right shoulder got resisted at 50 Week SMA. Now price is likely to test 104-105 zone which is a crucial support. For bigger correction this level must break on closing basis. 4 Hour chart shows immediate support level at 107.30
  • S&P 500 Futures after closing bell
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S&P 500 Futures after closing bell

  • ES Daily chart is approaching crucial support zone and Round number near 2000 levels. For a bigger fall bears need to stay below 1980 - 2000 zone on closing basis. 



December 17, 2015

ES Chart update

  • ES One hour charts shown with immediate support levels.


December 16, 2015

TESLA Target and Resistance lines

  • Tesla if closes at high's today may extend the move towards the resistance lines shown in chart 1. For bigger up moves price must sustain above 200 SMA which is shown as resistance in chart2.

December 15, 2015

Blackberry Month Week and daily charts

  • Blackberry daily chart shows a bottom formation with resistance zone between 8 and 8.25. Weekly chart shows resistance around 8.60 levels. For a bigger up move to happen price has to move above the falling resistance line shown in monthly time frame. Things will remain negative for bulls till price stay below this pattern.
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