My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 13, 2012
APPLE Death cross update
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeyZFPymJ6h6pHU1ayFo8H4nDrn8AHZ-nYWjf8czkvAf4fkRmsrLc9CaqepGeBze_ymCeUyFAhTeCZ1BdtEVHBIcqJT0jxt0ILvfqXGpBVb2375qNUAcf1HzF2O5FegfG95D9Q_vue1WI/s640/APPLE+DEATH+CROSS+UPDATE.png)
- Apple weekly chart shows RSI in oversold zone But not yet exhausted. If price stays above the crucial support zone of 505 - 518 we may get an up move.
- Immediate resistance level is the 20 Day SMA and support at lower Bollinger band.
- Death cross is done and this level along with 50% Fib level may act as stiffer resistance if apple bulls manage to get there.
- DOW JONES ANALYSIS AFTER CLOSING BELL
ES Chart update
- ES Correction from 78.6% Fib level pausing at golden ratio. For bears price need to sustain below golden ratio for a bigger fall.
- Price is also pausing at the Daily Ichimoku cloud and 50 day sma. Holding above these two levels may help bulls to move up again.
- DOW JONES ANALYSIS AFTER CLOSING BELL
SBI Chart analysis
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFMC-BX-v3ocbkS2i835-p7Hg_2Wm1wXxbVDNIzGDqw5RYtksIJmzto3as2RoLZwkujagF1SfWqXbVpBGS74eFQtCUcsMLMaUZ8x6a5lHvZw7ypA-8R_orKoizx3nLcIrEHhiMCv6_8es/s640/SBI+WEEK+HIGH+EMA.png)
- SBI Weekly chart shows price testing resistance zone.
- Daily chart shows crucial supports at 2282 and 2269
- Close below 5 Week HIGH EMA may give a correction.
- BANK NIFTY LIVE CHART WITH AUTO REFRESH
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