- Apple daily chart is approaching its 200 SMA.
- Last hit at 200 SMA gave a good long trade.
- Closing below 200 SMA will strengthen bears.
- RISING WEDGE OF US DOLLAR
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 21, 2011
APPLE Near 200 SMA
US Dollar Rising Wedge pattern
- US Dollar four hour is moving up in a bearish pattern.
- Bearish breakdown percentage from rising wedge is 69%. So an upper breakout cannot be ruled out.
- BEARISH CANDLESTICK OF CRUDE OIL
ES Chart Analysis
- ES hour chart may give a small bounce because of positive divergence. But Daily time frame shows price below 50 SMA which will favor bears. For bulls long opportunity only if they manage to close above 50 Day SMA.
- BEARISH CANDLESTICK OF CRUDE OIL
November 20, 2011
November 18, 2011
CRUDE OIL Support line
- For crude oil corrections will be shallow as long as this trend line holds.
- S&P 500 ANALYSIS AFTER CLOSING BELL
NIFTY Analysis
- Price having broken 61.8% may come down towards 78.6% or the GAP shown in the same chart.
- Stochastic is oversold, In a trending market trades taken based on oversold indicators mostly hits the stop loss. So its better to wait for that daily green candle which may hint of a pause in falling.
- Last 3 months price has tested sub 4800 levels when ever it falls below 5 month low ema. So price may keep falling once it sustains below 5 month low ema.
- S&P 500 EOD ANALYSIS
- SILVER CHART ANALYSIS
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