THE GOLDEN CROSS OF S&P 500

THE GOLDEN CROSS - DAILY CHART

CHART FOR THE BULLS

CHART FOR THE BEARS

• Daily chart has confirmed the  GOLDEN CROSS in SPX. 
• 2nd chart shows how price is moving up and maintaining a steady distance from the 20 DMA. The golden cross will give good results if Bulls manage to keep the price above 20 DMA.
• Last chart shows how the correction happened in weekly chart. Near 1200 we had a PIN BAR reversal candle followed by BEARISH ENGULFING (not a perfect one). We are yet to see some of those bearish candles yet. So till then the medium term will look bullish.
• GOOGLE WEEKEND UPDATE
  
• APPLE WEEKEND UPDATE
  
• CRASH OF THE US DOLLAR
  
  

GOOGLE Weekend Update

WEEKLY INVERTED - HNS

WEEKLY TRIANGLE

HOUR CHART

• Google Week charts showing inverted head and shoulders and Triangle pattern.
• One full week has passed after the big gap up. Stock has stayed above the gap and has maintained the breakout in weekly charts.
• The next important resistance point is shown at 629 area.
• Hour chart is showing a consolidation triangle pattern which will give direction on monday with an expected breakout on the upside and the continuation of the up trend.
• BAIDU WEEKEND UPDATE
  
• APPLE WEEKEND UPDATE
  
• CRASH OF THE US DOLLAR
  
  

BAIDU Weekend Update

• Baidu made a gap up on friday to break its high of 107.
• Friday also saw the highest volume day for the stock in recent times.
• Stock was trading between 95 and 107 for quite some time. So if the stock manages to clear this 107 level its next target is 11.
• BAIDU NEAR 50 HOUR MOVING AVERAGE
  
  

Crash of US DOLLAR

CHART-III

• US Dollar crashed below 74 followed by a neck line break of the head and shoulders. 
• Price also went below the support line of the broadening top pattern. But has managed to come back into the pattern.

CHART-II

CHART-I

• US Dollar index is showing a broadening top pattern and a possible head and shoulders pattern in its four hour chart.
• Breaking 77.064 is bearish and will bring the index to the bottom of the broadening top pattern, It will also mean a break of the Head and shoulders.
• If the index holds 77.064 Price will move towards the top of the broadening pattern.

APPLE Weekend Update

DAILY CHART

HOUR CHART

• Apple Daily chart showing the supporting trend line and the resistance line.
• It seems the stock will get another lift from the supporting trend line.
• The Hour chart shows that the current correction may be limited to 300 levels. If the stock gets support at the trend line it may lead to a breakout of the above trend line which can take out 318 levels again.
• DIAMOND PATTERN OF S&P 500