APPLE Weekend update

 

• Apple Monthly chart with a bearish Pin Bar candle.
• Weekly chart shows MACD Negative divergence. 
• Daily chart closed below 20 Day SMA. Immediate support levels are 655 and 50 Day SMA.
• Bigger correction can be seen once price below 50 Day SMA and 644 levels.
• SPY WEEKEND UPDATE

SPY Weekend update

• Crucial support levels for the coming week are 143.09,142.21 and the rising support line shown in first chart.
• Second chart shows the false breakout from the rising wedge. This can give bigger falls if price starts to trade below 142.21.
• Last chart shows how the overbought readings can remain overbought while prices continue to move up. A correction is possible if the Stochastic lines fall below 80% line.

NIFTY Weekend update

• NIFTY Month chart shows price closing above 20 Month SMA and 5 Month High EMA after many months of failed attempts.
• Weekly chart testing previous resistance level of 5735.
• Daily chart continue to sustain above 10 Day EMA. Daily candle looks similar to a shooting start not perfect but looks bearish, One negative for bears here is that price closed above 5 Day High EMA.
• Crucial levels in daily time frame is shown in last chart.

GOLD Weekly range

• Gold weekly chart shows a broad range of 1522 - 1800.
• Weekly stochastic shows overbought readings But price yet to show weakness. Stochastic need to fall below 80 line for a possible correction otherwise range breakout is likely to happen.
• Gold bulls need a weekly close above 1800 for a possible breakout. Bearish weekly candle may start a fall.

SILVER In a range

 

• SILVER 4 Hour chart shows a range between 33.26 - 34.86
• Price for now is sustaining above 100 period SMA.
• Price is moving around the 4 Hour cloud. So the range breakout should give a bigger move for silver.

CITIGROUP Chart analysis

• Citigroup bulls trying to hold above 20 Day SMA. Need price to break above the resistance line shown in first chart for a possible up move.
• 2nd chart shows price unable to sustain above the weekly cloud. Bulls need a close above 35 levels for targeting the next resistance level at 38.4.
• Day closing below 20 SMA should be negative for the coming week.

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ES Support and resistance lines

 

• ES Four hour chart shows  a possible contracting triangle pattern.
• Crucial support is the 200 period SMA. Breaking below the triangle support line and 200 period SMA good result in a bigger correction.
• Breaking the triangle resistance line could lead to new high's 
• S&P 500 ANALYSIS AFTER CLOSING BELL

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