My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 26, 2013
APPLE Chart update
- Apple daily chart is near its Ichimoku cloud which is expected to act as stiff resistance level for bulls.
- Price is also near 78.6% Fib level which is a possible resistance level.
- For bulls price is sustaining above 50 Day SMA. For a correction needs price to close back below 50 Day SMA.
- S&P 500 ANALYSIS AFTER CLOSING BELL
- BLACKBERRY CHART ANALYSIS
BLACKBERRY Chart update
- Blackberry weekly chart is moving towards the rising support line from 6.22 levels. For a correction this level must break.
- Daily chart too has closed below 50 Day SMA following the bearish engulfing pattern. Now price will seek support at 100 Day SMA.
- For any big up moves or a reversal of trend price must trade above 100 week sma shown in last chart.
- S&P 500 ANALYSIS AFTER CLOSING BELL
S&P 500 Analysis after closing bell
- Weekly chart with RSI shows the Indicator continues to stay above the 70% line.
- Weekly chart with MACD and price shows no weakness yet. Price breaking the trend line may give a sell signal.
- Daily chart continues to stay in a range 1538 - 1564. Price closing below 20 SMA and the range may give direction for bears of SPX.
- ES DIAMOND BREAKOUT FAILURE
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