- Apple Daily chart has a death cross and if price remains below SMA bearish will stay stronger.
- Support zone or neck line for head and shoulders pattern is around 104 levels.
- Month chart too shows a sell signal in MACD indicator. Apple bulls will further weaken if price moves below 95 - 100 zone. This zone was previous resistance as shown in monthly chart and can act as strong support zone.
- Crude oil month chart shows Bulls trying to hold above the 2008 lows. Weekly chart is trying to put up a bullish reversal pattern. But price need to stay within this pattern any new lows if made will negate the bullish possibility. If weekly reversal pattern gives a successful breakout pattern rules gives a target around 60 levels. Immediate resistance at 38 levels as shown in Daily time frame.
- ES Bulls need price to stay above 200 Hour SMA to avoid bigger correction. 2035 level shown in 4 hour chart is a crucial support zone to hold. Strength only if price stays above 2075 levels.
- ES 4 hour chart shows price near the apex of ascending triangle. One hour chart shows price near support line, If holds an upper breakout is likely.
- 4 Hour chart shows a bullish "W" pattern. The W is just the saucer part of a big cup and saucer pattern shown in daily time frame. But the bigger time frame is still favouring bears as price still stands below the broken trend line from 2011 lows. As long as price stays below this line bears will be interested in that big correction.
- EURUSD 4 Hour chart shows price in a range. Daily chart is also approaching 200 Day SMA. 1.11 Levels shows Golden ratio as resistance. EURUSD bulls must stay above 1.11 levels on weekly closing basis to extend this up move.
- ES 4 Hour chart continues to stay below the resistance levels discussed Yesterday. Bulls need to cross these levels to extend gains.
