Stock Market Chart Analysis

June 27, 2014

As price nears the up trend line BN is moving in a range volatility has reduced. Bollinger band is contracting and all this could change on price hitting the up trend line. Breakout or breakdown from this range may give the next big direction in BN.

Crude oil 4 hour cloud and support levels in four hour is getting tested. More crucial is the previous resistance zone shown in daily chart, Recent dips to this level resulted in trading bounces. If this level does not hold a bigger fall is possible.

Bullish looking cloud chart for gold But for now price is stuck in a range as shown in four hour time frame. More importantly price is pausing at golden ratio. gold bulls must trade above golden ratio for bigger moves to happen. for now breakout from the 4 hour range may give larger direction.

ES bulls shows weakness as it breaks another trend line and testing the 4 hour cloud. But bears may gain strength only on breaking below the yellow horizontal support zone shown in first chart.

Silver above 50 Week SMA and the Falling resistance line of Weekly chart.
Possible resistance in weekly cloud. Last attempt to move up was stopped at the weekly cloud. For silver bulls to extend this up move price must move into the weekly cloud.

Daily chart shows previous resistance level acting as support which was the scenario discussed earlier. Now that the first touch at this level has given a bounce if tested again its unlikely to hold.
4 Hour chart shows crucial support levels.

AMAZON Daily chart shows weakness at 100 Day SMA. Candlesticks shows a bearish engulfing pattern.
Price trying to move above the daily cloud. Bulls unable to close above the cloud for now.
Price is stuck between 50 and 200 Day SMA. A bigger direction only when these moving averages gets broken again on closing basis.
Immediate range is between 323 and 340. Violating these numbers may increase volatility for Amazon.
GOLD VIOLATES RESISTANCE LEVELS