March 27, 2014

AMAZON Chart analysis

 
  • Amazon testing the 200 Day SMA and Crucial support zone. Daily and Weekly close below these levels will favor bears for bigger falls.
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ES Chart update


  • ES Daily chart shows price trying to stay above Confluence of support levels. 50 Day SMA and previous resistance is trying to stop a bigger fall from happening.

APPLE Analysis after closing bell


  • Apple daily chart shows a bearish engulfing pattern near the recent swing high of 551. Weakness though can only be confirmed if price falls back below the daily cloud and the falling resistance line.