- ES Four hour chart shows possible resistance line.
- Daily charts shows possibility of a bigger up move if price closes above the resistance lines and 78.6% Fib level. In that case the resistance line shown in the first chart may not stop bulls from further up moves.
- APPLE BULLISH ENGULFING
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 18, 2012
ES Chart update
BANK of America Chart analysis
- BAC near 200 Week SMA.
- Daily chart with fib levels for the fall from 15 to 4.90 shows price nearing the golden ratio.
- For the up move to continue these two levels has to be closed above on closing basis.
- APPLE BULLISH ENGULFING
FACEBOOK Chart analysis
- Facebook has given a Doji daily candle at 20 Day SMA. Price managed to close above this crucial moving average after violating the trading range.
- Daily chart shows a MACD sell signal which will be effective only if price manage to stay below 20 Day SMA.
- Last chart shows price testing crucial fib level in daily time frame.
- APPLE BULLISH ENGULFING
APPLE Bullish Engulfing
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiXVdj8qZAoIm-OMt2IEyiecOW0zX5MaZAkZVbGg9c4eNPOY9up2CtUO_FfJvQjvainmKJIj7OrZ5x0cTHsu5NG4RdtuUje9_uSFaSB8XvtkzbCdSpTv3sFCoPoqZn07kRoRk_Ey5WxDY/s640/APPLE+WEEKLY+CLOUD.png)
- Apple daily chart shows a bullish engulfing pattern at crucial support levels.
- Monthly chart hits the 20 Month SMA If price stays above this level we may see a good bounce.
- Weekly chart shows price near the base of weekly Ichimoku cloud which is a good place for a bounce. Bears need a weekly close below the cloud for a bigger down move.
- S&P 500 ANALYSIS AFTER CLOSE
CRUDE OIL Chart analysis
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOGpKRSE06CDs0ei8YT9gqY0BWtvEkc4sntv001iDKnGBAEOpMLCOghc9CT8iOQe9rSEuWi30dPThnskkTJMumMrvpCaCCJuCxY9swTZltoMBMyzq6zCUhb8pra9lI4UsYJ9w-OIXDXNs/s640/crude+oil+weekly+chart.gif)
- Crude oil daily chart shows a triangle pattern.
- Price above 50 Day SMA But nearing 200 Day SMA. This zone between 50 and 200 SMA is crucial for crude oil bulls. A bigger up move possible only on a triangle breakout and closing above 200 SMA.
- Weekly chart shows a range between 23.6% and 38.2% Fib levels. Bigger moves once this range gets resolved.
Subscribe to:
Posts (Atom)