APPLE Hour chart update

• Daily chart shows support near 655 levels.
• Bears need to break below the Hourly cloud and 23.6% Fib level for further down moves.
• Holding above the cloud and the fib level may lead to an up move.
• APPLE DAILY CHART UPDATE

APPLE Chart analysis

 

• Apple daily chart nearing a MACD sell signal.
• MACD lines also shows negative divergence in daily time frame.
• For the above scenario to work well for APPLE Bears price need to fall below 644 and 20 Day SMA. 
• For a bigger fall price must close the day and week below 644 levels.
• INTEL CHART ANALYSIS

INTEL Chart Analysis

• INTEL weekly chart near previous resistance level.
• Price is also near 100 Week SMA.
• Breaking below 23 on weekly closing basis should push the stock down towards the up trend line shown in 2nd chart.
• If previous resistance acts as support an oversold bounce looks possible from 23 levels.
• SILVER BULL FLAG

SILVER Bull flag

 

• Silver four hour chart shows a bull flag pattern.
• Bull flag will work well in favor of bulls only if price stays above the four hour cloud and Daily chart stays above 200 Day SMA.
• Daily falling below 200 SMA shall result in a correction in favor of bears.
• ES CHART ANALYSIS

NIFTY Chart Analysis

 

• Nifty found support at 50 day sma on expiry day. But price is still below crucial resistance levels like 5348 and 20 Day SMA. For a bigger up move days must close above these levels. 
• MACD Sell signals continue to look good in daily chart. Weekly chart shows a fight between shooting start candlestick and the weekly cloud. Breaking and closing into the cloud will add strength for the inverted hammer candlestick.

ES Chart update

• First chart is ES one hour with support and resistance lines.
• Second chart shows four hour time frame with Same support line and the next support levels in case of a breakdown.
• Last chart shows price below the cloud and testing support levels. Breakdown will strengthen bears for a trending down move in hourly time frame.