- AAPL Minutes shows an ascending triangle pattern. Low of this pattern is around 577 so if it works well and stays above 601 Apple may go up by another 20 points.
- Staying above the cloud will favor bulls. For a bigger fall price should fall below the cloud shown in 2nd chart.
- BANK OF AMERICA WEEKEND UPDATE
DAILY CHART
MONTH CHART
- MSFT Daily chart falls below 20 Day SMA after a long time.
- Closing below this level will extend this fall.
- Month candle too is showing weakness at previous resistance level. Month chart will be weaker below 31.50 levels.
- Last chart shows a previous resistance line which may act as support.
- Price is trying to stay below 50 and 100 Hour SMA and the Ichimoku cloud. For bears price has to stay below the horizontal line to extend gains.
- S&P 500 ANALYSIS AFTER CLOSING BELL
- Price near 50 Day SMA. Last fall to 200 SMA resulted in a bullish move. Now its the test of 50 Day SMA. Trading below this level will lead to a fall towards 200 SMA.
- Price closed below 5 Day low EMA again. For a trending down move to happen bears need to break crucial support levels.
- S&P 500 EOD UPDATE
- Month chart shows price sustaining above 78.6% Fib level. It also shows a possible resistance level at 1440 area.
- Weekly chart shows price nearing the broken support line of the rising wedge which may act as resistance.
- Two short term charts 30 Minutes and one hour chart shows no weakness. Price has to fall below 20 Hour SMA or the trend line for a Dip to happen.
- BANK OF AMERICA WEEKEND UPDATE
DAILY CHART
WEEKLY CHART
- Four hour is nearing a resistance line
- Weekly chart shows price continue to find support near 20 Week SMA.
- Weekly chart will favor bears of silver only if it starts to trade below 31.57. Sustaining above 20 week sma should result in a breakout above the resistance line shown in first chart.
- Rimm chart shows price trending down below 100 Day SMA and Ichimoku cloud.
- First chart shows fibonacci levels as resistance.
- Breaking above 38.2% Fib level may lead to 100 Day SMA and the cloud. For a sustained up move price has to sustain above these tough resistance levels.
- BANK OF AMERICA WEEKEND UPDATE
