- 4 Hour chart continues to look bearish as price stay below the cloud.
- 1325 is a crucial number in 4 hour time frame. Moving above this level a bounce towards 1340 or the 4 hour cloud is possible. Staying below 1325 price will test the 50 Day SMA of daily time frame. Next bigger move of Gold depends on how price is about to react from 50 Day SMA.
- APPLE Weekend Update
- ES Weekend update
- CRUDE Oil Weekend update
- CRUDE Oil one hour chart shows price trending down below the cloud.
- Daily time frame is at crucial support zone. Crude bears need to close below the cloud to extend the fall.
- ES Weekend update
- Apple weekly chart shows bounce from support zone 148 - 150. Despite the bounce price continues to stay below 200 Day SMA.
- Hour cloud shows price trending below it. Friday's bounce will have more meaning if it moves past the cloud. Next hurdle will be the 200 SMA in daily time frame. Unable to take out these levels will keep the weakness intact for Apple.
- ES Weekend update
- ES daily chart shows another candle bouncing from 200 Day SMA. Bullish candles at 200 SMA With long lower shadow means possible test of 2700 again.
- Cloud at 4 hour chart may act as immediate resistance zone.
- Crude oil month candle shows the weakness. But with many more days to go for the close of the month Only a close at the current level or lower can confirm weakness in this time frame.
- Daily chart shows immediate support and resistance levels.
- Price likely to visit the weekly trend line and Lower bollinger band of the same time frame. Lower BB is around 2450 for the current week.
- Pause at the lower BB may result in a bounce.
- ES Daily is falling to 200 Day SMA. Daily has also closed below the cloud after a long GAP. For any bounce from here daily cloud may act as resistance. But for a bigger fall 200 SMA must break. Close below 200 SMA will confirm the weakeness of Bull Market.
