My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 30, 2013
S&P 500 Futures chart analysis
- First chart the 4 Hour chart shown with the channel. Price continue to respect the resistance line of the channel But the corrections are small and the up move resumes.
- Next chart one hour chart shows the classic technical analysis, Previous resistance is becoming support level.
- For bears price must sustain below 100 Hour SMA for a meaningful correction to happen.
- APPLE CHART UPDATE
APPLE Chart update
- First chart of Apple shows the GAP as resistance. Partial fading of GAP is possible on price trading above 465 levels.
- Broken 100 Week SMA and Weekly cloud are stiff resistance levels on weekly chart.
- Last chart shows the Descending channel staying inside which apple will continue to move in favor of bears. Bulls need to break above the channel resistance line for a meaningful bounce to happen.
- FACEBOOK NEGATIVE DIVERGENCE AND SUPPORT LEVELS
- SPX ANALYSIS AFTER CLOSING BELL
FACEBOOK Divergence and Support levels
- First chart of Facebook shows price and RSI Diverging negatively. Price has started to show some weakness but has to break crucial support levels for a bigger fall to happen
- Immediate support levels are the 20 Day SMA at 30.08 and the zone between 28.75 - 29.27. These levels may try to stop a bigger fall from happening.
- SPX ANALYSIS AFTER CLOSING BELL
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