- SLV Shows weakness near Weekly Upper Bollinger band and the GAP shown in daily chart.
- Price is fast moving towards the 23.6% Fib level which may act as immediate support. If this level does not hold price may fall to the rising 20 Day SMA in the short term.
- S&P 500 Weekend update
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- Daily chart shows bulls trying to hold above the cloud. Breaking the cloud on closing basis will strengthen bears further.
- Bulls need to trade above 100 Day SMA to avoid a fall.
- Weekly up trend line is not violated yet. Taking support at this line may save bulls from a bigger fall.
- Weakness Below 1627. Strength on closing above 100 Day SMA.
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- GOOGLE Daily chart is testing previous resistance level at 843 which may act as support.
- Previous support is also the 50% Retrace level in daily chart.
- Weekly is not looking good for bulls as price makes another close below 20 Week SMA and is likely to target the Weekly lower bollinger band in the coming weeks.
- Silver daily chart is showing weakness at 200 Day SMA.
- Hour chart continues to be weak and has fallen below both 50 and 200 Hour SMA.
- 4 Hour chart is testing the cloud. Getting support here may resume the up move. Breaking below the cloud may result in a bigger correction
- Crude oil takes support at 50 Period SMA and the Golden ratio in four hour chart.
- Weakness only on breaking below 106.75 levels.
- Strength on sustaining above 108.15 levels.
- ES Hour chart shows a corrective up move which is forming a bear flag kind of pattern.
- Crucial resistance here is the 200 Hour SMA. Closing above this level may favor bulls for a bigger up move.
- Weakness near 200 Hour SMA may lead price towards the lows near the 50% retrace level shown in daily time frame. Bears will gains strength on closing below 50% Fib level.
- Tata Motors weekly chart is testing the resistance line of the triangle. Last breakout was not successful. Breakout on closing basis this time and a move above 315 - 320 levels may give a bigger up move for the stock.
- Weakness here may take price back towards the weekly cloud. Weekly cloud is acting as strong support for the stock. Holding above the cloud price is likely to move higher.
