- Daily range shows price nearing the resistance zone.
- Month chart shows the Bullish trend. Breakout above 1008 is possible. If gets resisted around here then price likely to remain in the aforementioned range and move sideways towards the Monthly trend line.
- Monthly chart shows breakout resulting in 200 points each.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 9, 2017
ALPHABET Range and Monthly Trend update
October 8, 2017
APPLE Chart Analysis
- 4 Hour chart shows a Small up move in a Down swing. Price is near crucial resistance levels. Staying below the cloud will help Apple bulls to resume the fall. Daily time frame too shows resistance at 20 Day SMA.
- Weakness below 152 and 149 levels. Closing the Day above 20 Day SMA may change momentum in favour of Apple Bulls.
- AMAZON Chart Analysis
October 7, 2017
AMAZON Bull Flag and Weekly chart
- Daily chart shows Price near the resistance line of the Flag pattern. If price gets resisted here another Dip towards 200 Day SMA is possible.
- For the Bullish trend to stay alive This pattern has to be a Bullish Flag.
- One warning for the long term investors is the Long upper shadow in weekly chart shown in chart two. But this one will be more prominent only if Daily closes below 200 SMA.
October 6, 2017
ES One hour Chart analysis
- ES one hour chart shows weakness at the top.
- But All charts shows multiple support levels for Bulls. Up move will weaken further only if price closes below 50 Hour SMA.
- Trend of Hour will not be challenged until price falls below the Hourly cloud.
October 5, 2017
ES Hour chart analysis
- ES one hour chart shows a bullish channel. As price moves up inside the channel MACD continues to show negative divergence. Reaction for negative divergence may happen only if price break below the channel and 50 Hour SMA.
- This up move of ES Bulls will continue to remain strong till price stay above 50 Hour SMA
Alphabet Charts, GOOGL in a range
- Alphabet daily in range
- Price likely to remain within the larger range. There could be false spikes out of the small range shown in above chart. Small range being 961 - 977.
- Bigger range of Google between 929 - 1008
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