December 2, 2016

APPLE Golden cross and Bearish Pattern

  • Apple daily chart shows a Golden cross. 
  • Price for now is stuck between 50 and 200 Day SMA.
  • Daily and month chart shows bearish set up. This set up will get activated once and if Daily starts to trade below 200 Day SMA. For the Golden cross to work price must trade above 50 Day SMA.
  • CRUDE OIL Weekly resistance line

CRUDE Oil at weekly resistance line

  • Crude oil weekly chart testing crucial resistance line.
  • Crude bulls need a weekly close above 52 levels to confirm  a breakout from a weekly bullish pattern. Price trying to stay above crucial moving averages. This set up too needs a further breakout from here for bigger up moves to follow.
  • Crude bears need to see some weakness here at the resistance line to start a Down swing.
  • GOLD Chart Analysis

S&P 500 Futures analysis after closing bell

  • ES daily chart is testing previous resistance zone between 2186 and 2191.
  • 4 Hour chart is resting on 100 Period SMA. If this line holds a bounce is possible. Bounce towards 2200 levels again.
  • ES bears must do more for a bigger breakdown to follow.
  • GOLD Chart Analysis