June 7, 2013

APPLE Support levels

 
  • APPLE Taking support at 50 day sma.
  • Fib levels shows support at 38.2% Fib level.
  • For the major trend to resume price must trade below the above mentioned levels and Daily ichimoku cloud on closing basis.



SPY Chart update


  • SPY Near 100 Hour SMA.
  • Price testing Hourly cloud and crucial fibonacci levels.
  • Weakness at these levels may give selling opportunity.

ES Chart update


  • ES Four hour chart shows price pausing at 200 period SMA. 
  • One hour chart shows price nearing a resistance line.
  • Unable to sustain above these levels may resume the fall.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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BANK Nifty Chart analysis



  • Bank nifty daily and weekly at crucial support levels.
  • For bulls need a breakout and close above the resistance line shown in second chart. 
  • For bears need a daily and weekly close below 50 Day SMA and 20 Week SMA.
  • S&P 500 CHART ANALYSIS
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S&P 500 Analysis after closing bell



  • S&P 500 Bounces from 50 Day SMA.
  • Price trying to move up from the up trend line in daily chart which started from 1343 levels.
  • Last chart shows there is not trend line break in weekly chart and the waiting of bears continues for the Weekly MACD Sell signal.