DOW Jones Support and Resistance levels

 

• Dow Jones sustaining below 50 Week SMA will continue to favor bears of Dow Jones.
• If the fall continues price may target the 100 Week SMA or the 38.2% Fib level in weekly chart as its next target

QQQ Positive Divergence

• QQQ Daily chart with MACD indicator has been showing positive divergence for some time now without any reversal.
• 200 and 20 Day SMA is about to do a bearish cross and any reversal attempt will face stiff resistance around this bearish cross zone near 65.
• Daily chart is showing a pin bar candle at channel support line with the positive divergence this setup may result in a small bounce. Trading below 62.78 will continue to favor bears.
• MICROSOFT CHART ANALYSIS

MICROSOFT Chart analysis

• Weekly charts of Microsoft with broken support levels and Up trend lines.
• Last chart shows price violating a crucial up trend line in weekly time frame. If the week closes at the current levels or lower price could target the falling dotted line shown in the chart.

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S&P 500 Analysis after closing bell

• SPX 30 Minutes shows a trading range developing.
• Immediate support in daily chart is the 50% Fib line.
• Resistance levels are 200 Day SMA and 1397 - 1403 zone.