- For the bullish momentum to sustain price must sustain above 12977 and 78.6% Fibonacci level.
- Sustaining above these levels could take Dow Jones towards 13200 - 13300 levels.
- Unable to sustain above the 12977 could result in a bearish week.
- Last chart shows a weekly rising wedge pattern. If the rising wedge is held we might see a big breakdown from this pattern.
- S&P 500 WEEkEND UPDATE
- INTEL Weekly chart is moving up from 50 Week SMA. But price is near resistance levels like 50 and 200 Day SMA.
- Price is near daily Ichimoku cloud which may act as resistance. For a bigger up move price must do a cloud breakout. Sustaining below the cloud will give shorting opportunities.
- S&P 500 WEEkEND UPDATE
