- Bank of America has closed the week below Weekly ichimoku cloud.
- Weekly chart shows a possible Double Top Pattern.
- Weekly MACD shows bearish signals. This signal will strengthen if price starts to trade below 100 Week SMA and 14.36 levels.
- SPX Analysis after closing bell
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- SPX Managed a bullish candle at lower Bollinger band. 38.2% Fib level too acted as support.
- Price likely to move towards the 20 Day SMA in the very short term.
- Price came closer to 200 SMA. For any bigger correction to happen this line must break.
- GOLD WEEKLY POSITIVE DIVERGENCE
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- Silver trying to stay above weekly resistance line. Weekly close above this line is bullish for silver. But there is strong resistance between 18 and 19 as shown in 2nd and 3rd charts.
- GOLD WEEKLY POSITIVE DIVERGENCE
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- Gold daily chart has moved above 200 Day SMA.
- Weekly chart shows positive. Gold Bulls needs to clear the weekly cloud shown in 2nd chart for bigger up moves to happen.
- ES Daily candle closed below 200 SMA. Price for now trying to move back above 200 SMA again.
- The Price action in 4 Hour chart is crucial. Price here is trying to stay above a crucial swing low. Breaking below this zone may give bigger falls. 38.2% Fib level also shows a similar price action.
- SPX EVENING STAR PATTERN
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- SPX Month chart shows possible reversal formation in the making. But things may change as there are 15 More days to go in the current month before the close. Month RSI is also moving below 70% line giving hope for bears. But this set up needs more confirmation bears need to wait.
- Weekly chart is testing 20 Week SMA. Weekly close below this line may strengthen bears further.
- Immediate support for bulls is the 38.2% Fib level shown in daily time frame.
- CRUDE OIL ICHIMOKU CLOUD ANALYSIS
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