- Apple Weekly chart shows price near 100 Week SMA. Daily chart shows resistance zone between 510- 513. These two levels has to be crossed on closing basis for bulls to extend gains. Sustaining above this zone will also extend the gains of Golden cross in daily chart.
- SPY Analysis after closing bell
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 18, 2013
APPLE Resistance zone and Golden Cross
ES Chart update
- ES 4 hour chart shows price above resistance zone.
- Daily chart shows price near potential resistance line. Price must trade above this line for a bigger up move to happen. Weakness at this resistance line may lead to a fall.
- SPY Analysis after closing bell
October 17, 2013
GOLD Chart analysis
- Gold 4 hour chart show bullish price action. Immediate resistance level near 1330 levels. Daily close above 1330 level may help Gold bulls to target the upper Bollinger band shown in last chart
- ES Resistance lines
Bank Nifty Support and Resistance levels
- Bank nifty shows strong resistance at 100 Day SMA. This has to be taken out on closing basis for a bigger up move to happen.
- Daily chart also shows a bearish engulfing pattern.
- Last chart shows crucial support levels for Bank Nifty. A lower closing today would confirm or strengthen the bearish engulfing pattern.
October 16, 2013
JP Morgan Chase Chart analysis
- JPM Daily chart shows price testing crucial resistance zone at 53.75 - 53.91.
- Daily chart shows price testing 100 Day SMA and Ichimoku cloud. Closing the day above these levels may extend this up move.
- COCA COLA Chart analysis
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