My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 19, 2013
S&P 500 Futures Trend update
- First chart is the one hour time frame which shows price moving sideways in a range.
- 4 Hour chart shows price continue to breakout in favor of bulls sustaining above the up trend line.
- Ichimoku cloud of 4 Hour time frame also continue to look strong in favor of bulls.
- GLD WEEKEND UPDATE
- APPLE BEARISH CROSSES AN UPDATE
RCOM Chart analysis
- First chart of RCOM shows price trying to hold above the weekly rising support line.
- Second chart shows price trying to hold above 200 Day SMA. Here price has also formed a bullish engulfing pattern.
- Sustaining above the falling resistance line could result in a long trade towards 79 levels. For bears need a close below 200 SMA to invalidate this bullish setup.
APPLE Bearish Crosses an update
- First chart shows a bearish cross with 50 and 20 Day SMA. Price is finding resistance in the zone between 20 and 50 Day SMA.
- Death cross is also doing well so far. Price sustaining below 50 Day SMA will continue to help the death cross to perform well.
- Weekly chart also shows a bearish cross, Selling on rise into the above mentioned moving averages may continue to do well for apple bears.
- GLD WEEKEND UPDATE
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