IWM Weekend update

• IWM Daily chart trying to stay above 100 Day SMA.
• 2nd chart shows the weekly channel and the resistance line of the channel acting as support. This line has to break for a bigger correction to happen.
• Weekly chart shows 20 Week SMA trying to give support.
• APPLE POSITIVE DIVERGENCE

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APPLE Positive Divergence and Support levels

 

 

• Apple daily chart with RSI shows positive divergence.
• Weekly chart shows price testing lower bollinger band good place for a bounce before the next fall could resume.
• Monthly chart too shows price testing 50% Fib level.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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S&P 500 Analysis after closing bell

• S&P 500 Channel support line acting as support. For bears need a channel breakdown to extend this correction.
• For now price has taken support at 50 Day SMA and the support zone between 1335 - 1340.

GOOGLE Chart analysis

• Google daily chart retesting the 50 Day SMA.
• Price is rising from the crucial 100 Day SMA.
• Immediate resistance level at 4 Hour cloud. Unable to trade above the cloud or 50 Day SMA will be negative for Google bulls.
• MCDONALDS CHART ANALYSIS

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