Facebook chart update

 

• Facebook testing crucial support zone
• Bulls also trying to stay above 50 Day SMA
• More weakness on a daily close below 50 day SMA.
• FACEBOOK WEEKEND UPDATE

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CRUDE Oil Testing support zone

• Crude oil testing support zone in four hour time frame.
• If the middle support zone goes price may test the range bottom.
• Crude oil bulls trying to protect 50 day SMA.
• ES CHART UPDATE

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ES Chart update

• ES falls below 200 period SMA of 4 Hour time frame.
• Price now is testing 38.2% Fib level. More weakness if price stays below this level.
• Staying below the 4 Hour cloud will give chance for bears as price moves back up towards the cloud.

INFOSYS Chart analysis

• Infosys daily chart shows range breakdown.
• Bulls of Infosys should protect 50 and 100 SMA to avoid a bigger correction. One can see the 100 SMA acting as strong support as shown in 2nd chart. Bears must close below 100 SMA for bigger falls to happen.
• Weekly MACD Looks good for bears. But this set up need the 100 SMA to break. Close below 100 SMA will help the Weekly MACD Bearish setup