SPY Chart analysis

 

• SPY One hour chart near crucial support levels.
• closing below 50 Hour SMA and 23.6% Fib level may extend the fall.

GOLD Chart update

• Gold 4 hour chart shows price correction from the corrective channel.
• One hour chart shows price testing 200 Hour SMA. Price sustaining below this level will further strengthen gold bears.
• Last chart shows daily chart with previous support line acting as resistance. Hope for bulls only if price is able to takeout this line which looks a tough ask in the short term.
• GOLD TRIANGLE BREAKDOWN

-->

CRUDE Oil chart update

 

• Crude oil testing 200 Hour SMA. Hourly close below this level may weaken crude oil bulls further.
• For Crude oil bulls there is hope in Four hour Ichimoku cloud and crucial Fib levels for a bounce. 
• For an extended fall price must break the cloud shown in 4 Hour time frame.
• GOLD TRIANGLE BREAKDOWN

-->

ES Support and Resistance lines

• ES continue to sustain above the Hourly trend line. Price did violate the trend line briefly but hour was unable to close below this crucial support level.
• 30 Minutes chart shows price contraction between support and resistance lines.
• For a decisive down move price must trade below 100 Hour SMA shown in the last chart.
• BLACKBERRY CHART ANALYSIS

-->

GOLD Triangle pattern

UPDATED CHART

• Triangle shown below has given a breakdown.
• The corrective up move shown in the last chart seems to have finished. Next support near 1435 - 1445 if not held price may retest the lows.

 

• Gold one hour shows a triangle shaped contraction. False moves are possible from the pattern.
• Price sustaining above 100 Hour SMA should give an upper breakout. Hourly close below this level will weaken the up trend of this time frame.
• 4 Hour chart continues to look like a corrective up move.
• GOLD WEEKLY CHART UPDATE

-->

APPLE Chart update

 

• Apple managed to close above 50 Day SMA with a bullish candle.
• Price is testing daily ichimoku cloud which has acted as stiff resistance so far. But for now daily candle is yet to show any weakness.
• If the cloud does not stop the bulls price is likely to extend this up move towards 100 Day SMA as its initial target.
• BLACKBERRY CHART ANALYSIS

-->

FACEBOOK Chart update

 

• Facebook trading above the falling resistance line of 4 Hour time frame. Closing near day High may extend gains towards 28 and above.
• Price is testing 100 Day SMA. FB bulls need a close above this line to extend the up move.
• Last chart shows price trying to close above 38.2% Fib level. Closing above it may extend gains towards 50% Fib level and above in the short term.
• BLACKBERRY CHART ANALYSIS

-->