FORD Motor Chart analysis

 

• First chart shows price contraction in weekly chart.
• Strong up move possible on closing above 10.66 and 200 Day SMA.
• Bears will be stronger below 9.71 and 50 Day SMA.
• GLD WEEKEND UPDATE

-->

Microsoft Chart Analysis

• Microsoft Weekly charts near crucial support levels. Price near 100 Week SMA and the support zone between 28.15 - 28.32.
• Weekly stochastic lines yet to reach oversold levels, If the previous low is not held price may slide further.
• For bulls the positive divergence in MACD Histogram has to work for a possible bounce. If the weekly support zone is not held this setup will not work.
• QQQ WEEKEND UPDATE

-->

QQQ Weekend update

DAILY CHART

WEEKLY CHART

• 2nd Char the weekly time frame shows a MACD sell signal. 
• If the weekly up trend line and 200 SMA does not hold the Weekly MACD sell signal will be effective and price may fall towards the support zone between 59 - 60 as shown shown in the second chart.
• Bulls must hope that price does not breach the support area and 200 SMA near 64.90 on closing basis.
• GLD WEEKEND UPDATE

-->

GLD Weekend update

 

 

• Daily chart shows crucial support levels at 50 Day SMA and 166.23. For extending the down move these two levels must break on closing basis.
• Weekly chart shows the broad range between 148 - 174. Price moving down from the top of the range. For a bigger fall the rising red colored support line must break which should also lead to a stochastic sell signal. Price not breaking below the red support line should give another up move.
• APPLE MONTHLY PIN BAR

-->

APPLE Monthly Pin Bar an Update

• Apple's Monthly Pin Bar continue to look good with the current months Price action. If the close of this month is near current levels or Lower it should form  a  Perfect reversal setup in monthly chart.
• Week has closed below Middle Bollinger band  and could extend the move towards lower Bollinger band.
• Daily too looks good for bears with price closing below 100 Day SMA. If price sustains below this level apple could move towards its 200 Day SMA which is currently at 582 levels.
• DOW JONES WEEKEND UPDATE

DOW JONES Weekend update

 

• Dow Jones Falls to the support zone of daily chart.
• Price has broken and closed below 50 day SMA.
• Daily chart has also broken an up trend line.
• Sustaining below 50 SMA Bears will be able to break below the support zone leading to bigger falls.
• S&P 500 ANALYSIS AFTER CLOSE

-->

S&P 500 Analysis after closing bell

 

• SPX Weekly candle lost most of the gains on Friday closing near the bottom of the range.
• Price also closed at 50 Day SMA and 23.6% Fibonacci level. 
• Momentum of the last day candle seems to be good for bears for more to come. So a close below this fib level and 50 SMA should accelerate the down move.
• Below 1422 Targets are 1415 and 1395. Price Not breaking below 1422 may save bulls from a larger fall and keep price in a range.