July 2, 2013

APPLE Chart analysis

  • Apple daily chart testing 20 Day SMA.
  • Second chart shows price near crucial fibonacci levels.
  • Last chart shows Apple in a broad range. Price closing above 421 levels on closing basis may extend this up move.

ES Chart analysis

  • ES one hour near support levels of 100 Hour SMA and Hourly cloud. Sustaining above these levels may lead to an up move.
  • 4 Hour chart shows price unable to sustain above Golden ratio and 100 Period SMA. Bulls must cross these levels and sustain for a bigger up move to happen