- SLV Daily chart shows possibility of a bounce with positive divergence. But Weekly charts are yet to bottom out.
- If 17.75 is held there is a chance of a double bottom pattern. Break of this level on closing basis though will extend the current trend in weekly time frame.
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SILVER Chart Update
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- First chart of Dow Jones shows the channel resistance line acting as support. For bear of Dow Jones price should fall back into this channel.
- Although price moved up on Friday the Topish structure remains in weekly chart. Bulls must close above 16174 to negate the bearishness of the weekly candle.
- Last chart shows the negative divergence of weekly chart which will be effective on sustaining below 16174 levels.
- GROUPON Weekend update
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- Groupon daily chart trying to stay above 200 Day SMA. Weekly chart too is testing the up trend line from 2.6 levels.
- Last chart shows crucial price level of 8.4 and 38.2% Fib level above which price must stay for a bigger bounce to happen.
- Silver continues to trade below the resistance levels of 4 Hour time frame. Silver bulls need a daily close above 20 Day SMA for a bigger bounce to happen.
- gold continues to trade below the resistance zone discussed earlier.
- 4 Hour cloud and 20 SMA of daily chart too is acting as stiff resistance levels. Gold bulls need a daily close above 20 Day SMA for a possible pullback to happen.
- Daily chart shows price nearing resistance levels like Upper bollinger band and 50 Day SMA. Weekly chart shows a bullish candle at 20 Week SMA. Bullish weekly candle may lead to bigger moves. FB bulls may gain strength on closing above 50 Day SMA.
- APPLE Analysis after closing bell
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- Weekly chart shows price nearing the Golden ratio which is around 583. Second chart is weekly line chart with crucial numbers between 572 - 585. Finally the daily chart has started to diverge negatively, Price is yet to show weakness.
- ES Trend update
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