Microsoft Resistance levels

 

 

• Daily chart near 50 Day SMA. Daily chart also shows price nearing  GAP.
• Weekly chart shows 100 Week SMA as resistance level.
• So confluence of resistance will make it tough for bulls to move up. 
• APPLE WEEKEND UPDATE

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FORD Weekend update

 

• Ford violating weekly resistance line
• Price above Weekly ichimoku cloud.
• Monthly chart also shows price above 20 Month SMA. Sustaining above these levels could lead to bigger up moves.
• APPLE WEEKEND UPDATE

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APPLE Weekend update

 

• First chart shows weekly time frame with rising and slopping support lines.
• Next chart shows 100 Week SMA as crucial support if the support line gets broken.
• Last chart shows Monthly candle trying to hold above 20 Month SMA.
• RIMM CHART ANALYSIS

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S&P 500 Weekend update

• SPX Daily chart shows volume spike for the bearish candle.
• Price managed to hold above 20 Day SMA. MACD Histogram shows negative divergence which will favor bulls only if price stays below 20 Day SMA.
• Fib level shows price falling from 78.6% Fib level. More falls if the Golden ratio does not hold.

NIFTY Weekend update

 

 

• Daily MACD has given a sell. If price trades below the trading range we could see a correction towards the up trend line in  daily chart.
• For bears price closed below 5 Week High EMA. Further break below 5 Week CLOSE EMA will add momentum on down side.
• Read 5 Week SMA as EMA in weekly chart

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SPY Support levels

• SPY One hour chart shows support at 141.88 and 200 Hour SMA
• Daily chart shows price near 50 Day SMA.
• Bulls may get an up move if 50 SMA holds.
• RIMM CHART ANALYSIS

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RIMM Chart analysis

 

• Only hope for bulls is the Golden Ratio. Price if takes support above this zone may give an up move.
• Weekly chart is trying to form a bearish engulfing pattern. If confirmed with today's close the weekly candlestick patterns usually work well.
• Bulls needed a weekly cloud breakout for a bigger up move to happen which is unlikely to happen in the short term.