Stock Market Chart Analysis

January 8, 2013

Daily chart shows a bearish engulfing pattern which needs confirmation with a negative candle and high volume.
It's crucial for bears to close below the remaining portion of the GAP between the last candles low at 5977 to 5963.
Price has closed below 5 Day High EMA. Next support at Day low EMA(5964). Daily close below day low ema should favor bears to extend the fall.

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SPX shows weakness from the rising resistance line.
Second chart shows a range in 15 Minutes time frame. Weakness if price starts to trade below 1455 levels.
Weakness in daily time frame only if price starts to trade below 78.6% fib level on closing basis.

DAILY CHART

WEEKLY CHART

DAILY CHART

Dow Jones Daily chart shows weakness at 78.6% Fib level.
Weekly chart shows crucial support at 13280 levels.
Last chart shows price getting resisted at Upper bollinger band. Negative close today could give a correction towards Middle bollinger band.
FACEBOOK BULL FLAG

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First chart shows price testing the breakout from a BIG Triangle pattern.
Strength for ACC only if it is able to trade above 1440 - 1445 levels on daily closing basis.
Weakness if price starts to trade inside the pattern.
Crucial support is the Blue line shown in the second chart.

TCS daily chart has broken above a resistance line.
Price is testing 100 Day SMA and cloud top. Sustaining above these two levels can take TCS towards 1325 and 1348.
Unable to clear 100 SMA on closing basis will favor TCS Bears.
TCS 5 MINUTES LIVE CHART

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Weekly chart shows price closing above the recent swing high in weekly chart.
Second chart shows a possible channel resistance, Bears must hope to see some weakness at this line for a possible correction.
Last chart shows the support levels, GAP between 84.43 - 86.04 and the up trend line. Correction up to the above mentioned levels may give another buying opportunity. A bigger correction may happen if the trend line gets broken.
APPLE WEEKEND UPDATE

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