- ES 4 Hour chart near the falling resistance line and 200 period SMA.
- Daily time frame too is near 50 Day SMA. So for a bigger up move this level has to be broken convincingly by bulls.
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QQQ WEEKEND UPDATE
- QQQ Daily chart closed above 20 Day SMA.
- Next resistance levels in daily chart at 50 and 100 Day SMA which is at 66 levels.
- Weekly stochastic is turning up from oversold zone which may result in a bigger up move.
- INTEL Monthly candle hits the lower bollinger band
- Weekly chart shows support at 19.16 levels.
- Daily chart with MACD Histogram shows positive divergence, But price is yet to confirm a reversal in daily or weekly charts.
- APPLE Closed the day above 20 Day SMA.
- Immediate resistance level is the falling resistance line from 705 through 652. Above this line price may test its 200 Day SMA.
- Weekly chart shows a turnaround and close above 50 Week SMA after 8 Weeks of negative candles for bulls. Sustaining above 50 Week SMA should extend gains for Apple Bulls.
- RIMM WEEKEND UPDATE
- Rimm Moves away from 200 Day SMA with A GAP. GAP fading may happen but the up move may sustain if price sustains above 200 Day SMA.
- Weekly chart shows price closing above 50 Week SMA.
- Turning the weekly trend will be tougher for RIMM bulls as it nears the weekly cloud.
- DOW JONES WEEKEND UPDATE
- Dow jones Weekly chart shows price moving towards the broken support line of the rising wedge.
- Weekly chart also shows price taking support at 100 Week SMA and closing the week above 50 Week SMA.
- Daily chart too closed positively for bulls above 20 and 200 Day SMA.
- Daily closed into a resistance zone. Up move is likely to continue on trading above 13038 levels.
