- QQQ daily chart shows price at the resistance line of the broadening pattern.
- Weekly chart shows a bearish doji at the weekly upper bollinger band. Doji pattern needs confirmation with a negative weekly candle.
- Bearish setup may work well only if price sustains below 89.31 level.
- GROUPON Chart Analysis
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- Groupon Daily chart shows price gap down and closing below 200 Day SMA.
- Bearish day also gave huge volume spike.
- Weekly chart too shows price closing below crucial support lines.
- CRUDE Oil trend update
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- Crude oil 4 hour chart shows correction in a bullish channel.
- Crude oil bulls should stay above the 4 hour cloud to avoid a bigger fall.
- Daily chart shows possible support at previous resistance zone.
- ES 4 hour chart shows price at the resistance zone.
- ES took support at 200 Hour SMA and is back above 50 Hour SMA as well. Weakness if price starts to trade below 50 Hour SMA again.
- No breakout here means price may remain in a range for sometime before a bigger move can happen.
- Daily chart shows price getting resisted at 50% Retrace and near 100 Day SMA.
- Second chart shows weakness near the middle of the range. Longer the price stays in the range Bigger will be the direction out of the range. Another two months inside this range may give a bigger direction.
- Weekly chart shows weakness near 5 Week High EMA. Bulls need a close above this level for testing the upper end of the range. Bigger weakness only on trading below 50 Week SMA.
- BANK Nifty Chart Analysis
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- Apple 30 Minutes has closed below the cloud.
- Fall started from daily cloud is testing 100 Day SMA. Closing below 100 SMA may extend the fall towards 515 levels.
- APPLE BEARISH GRAVESTONE DOJI
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- ES Testing 200 Hour SMA.
- 4 Hour chart shows price testing 23.6% Fib level.
- Last chart shows price below the cloud in one hour time frame which is bearish. Hourly close below 200 Hour SMA will lead to bigger falls.
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APPLE BEARISH GRAVESTONE DOJI
