April 30, 2015

APPLE Chart update

  • Bearish engulfing got follow up price action. Now bears need to close and sustain below 50 Day SMA for bigger falls to follow.
  • If 50 Day SMA acts as support, Bearish engulfing will loose its strength.
  • Weekly chart has negative divergence with price and RSI But for this one to work Weekly candle has to close below 127 and lower levels.
  • ES Chart update: CLICK Here

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