September 16, 2013

APPLE Breaks crucial support levels


  • Apple has violated 200 Day SMA. Bears need a daily close to confirm breakdown.
  • 4 hour chart shows price at 50% retrace level. Closing below this level should give the Golden ratio for apple bears. Price sustaining below the 4 hour cloud will also help apple bears.
  • APPLE Weekly bearish engulfing
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CRUDE Oil chart analysis

 
  • Daily chart shows price testing crucial support zone in 50 Day SMA and daily cloud top.
  • 4 Hour chart shows price contraction which may lead to bigger move on a breakout.



ES Range and Support levels

  • ES 15 Minutes chart shows price in a range after a big up move. One hour chart shows Immediate support levels in case of a correction.
  • APPLE Weekly bearish engulfing
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