QQQ Resistance levels

 

• QQQ Daily below 20 Day SMA.
• Weekly chart below 50 Week SMA
• There is a falling resistance line in weekly chart which may also act as resistance.
• For a bigger up move bulls must cross these levels on closing basis.

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APPLE Trend update

• Hammer of Apple is doing well so far, APPLE Daily chart moving towards 20 Day SMA and the falling resistance line shown in second chart.
• Daily MACD is showing a buy signal.
• Weekly stochastic too is shown a bullish crossover But one should be cautious as the stochastic lines are still in  oversold zone.
• Bigger up moves possible on daily closing above 20 Day SMA and the falling resistance line shown in second chart.
• APPLE WEEKEND UPDATE

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ES Chart analysis

• ES Daily chart testing 200 Day SMA.
• 4 Hour chart shows price testing 38.2% Fib level and a crucial support resistance zone. Above this zone price could move towards the falling resistance line shown in second chart.
• Bears need price to fall and trade below 200 Day SMA.
• DOW JONES ANALYSIS AFTER CLOSE

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DOW JONES Analysis after closing bell

 

 

• Dow Jones daily chart shows good reversal move and a closing which is closer to the day's high. But price is yet to reach 200 Day SMA.
• 20 Day SMA and 200 Day SMA is showing a bearish cross, This area will be tough to cross if price gets this far.
• Price resistance between 12977 - 13038 is also near this resistance levels.