- ES Week testing all time high's
- 4 Hour chart shows a rising wedge kind of contraction which is mostly bearish.
- Month chart continue to diverge negatively. We saw 100 point correction during election results. If this divergence is to work perfectly for bears bigger corrections are possible. May not be a swift down fall. Timing this correction is also not possible as there could be new high's before the fall starts.
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- First chart shows price contraction in one hour time frame.
- for bulls 100 Hour SMA is the crucial line to hold above.
- For today 2176 and 100 Hour SMA line is crucial to hold, If broken 2169 and 2150 levels are possible.
- Bulls of One hour time frame safe till price stay above 100 Hour SMA.
- GOLD Weekly support zone and Hour chart analysis
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- Weekly chart shows strong support zone near 1200 levels (1190 -1200)
- Hour chart shows 100 Hour SMA as resistance line. Recent attempt to stay above it has failed. Gold bulls must sustain above this line for a bigger bounce to happen.
- Targets for the day or resistance levels are 1221 and if price stay above this level 1232 is possible.
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- ACC Month chart.
- Up trend line Drawn from the 2008 Lows.
- Price likely to test this line again. ACC Bulls need to stay above this line to keep the bullish structure intact.
- If the up trend line gets violated then February low of 1174 is likely to be tested. So ACC Bulls need to hold onto the up trend line to avoid further weakness.
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- Gold one hour chart shows price breaking below a small range.
- Next target or support zone in one hour chart is at 1211
- Bulls needed to stay above 1232 which is not happening for now. More strength for bears if price stays below 1211 levels.
- ES One hour chart analysis
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- Cisco bulls testing crucial support zone around 29 levels as shown in Weekly time frame. For a bigger fall price need to do a weekly close below this zone.
- Daily chart is nearing 200 Day SMA. Last chart also shows support lines which if held can result in a bounce for the stock.
- More bearishness only on a daily close below 200 Day SMA
- ES One hour chart analysis
- APPLE Support at 200 Day SMA
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- ES continues to stay above 100 Period SMA.
- 100 SMA and 2169 are crucial number for bulls to stay above in hour chart.
- Breaking below this may lead to 2150 levels.
- Sustaining above these levels should give 2180 and 2184 levels.
- CRUDE Oil chart analysis
- APPLE Support at 200 Day SMA
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