GOLD Chart analysis

• GOLD Weekly chart shows price moving down from the top of the range. Weekly chart shows a range of 1522 - 1802.
• Price has broken 20 and 50 Day SMA and bears waiting for a bearish cross to happen for a bigger down fall possibly towards the bottom of the range to happen. Gold bears also need price to break below the cloud for the fall to extend.
• CRUDE OIL ASCENDING TRIANGLE

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CRUDE Oil Ascending triangle

• Crude oil daily chart shows an ascending triangle pattern.
• For bulls price has to deal with 50 and 200 Day SMA for the Ascending triangle to do well.
• Unable to move above these two moving averages will result in continuation of the fall.

ES Chart update

• ES Fibonacci level and 200 Hour SMA which may act as support levels.
• ES Below the hourly cloud will favor bears to extend gains.
• APPLE UPDATE

APPLE Chart analysis

• APPLE Testing the daily cloud.
• Price also close to the 100 SMA and Golden ratio which gave a bounce 3 days back.
• Bears of apple need a close below these crucial support levels for a bigger breakdown. Unable to close below these levels may give another bounce towards 653 levels again.
• GOOGLE CHART UPDATE

GOOGLE Chart Analysis

• GOOGLE Weekly chart shows strong support between 658 - 670 levels and 20 Week SMA near this level will also act as support if the down fall continues.
• With Weekly MACD ready to give a sell signal an oversold bounce from here would give a perfect selling opportunity at higher levels.
• S&P 500 ANALYSIS AFTER CLOSE

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S&P 500 Analysis after closing bell

 

• 30 Minute shown with fibonacci levels. Fall took support near golden ratio More falls if this level gets broken again.
• Second chart shows 200 Hour SMA which is crucial support level.
• Daily chart shows weakness near the selling zone discussed earlier. Bulls are safe above 20 Day SMA.
• GOOGLE CHART UPDATE

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