- First chart the 4 Hour chart shown with the channel. Price continue to respect the resistance line of the channel But the corrections are small and the up move resumes.
- Next chart one hour chart shows the classic technical analysis, Previous resistance is becoming support level.
- For bears price must sustain below 100 Hour SMA for a meaningful correction to happen.
- APPLE CHART UPDATE
-->
- First chart of Apple shows the GAP as resistance. Partial fading of GAP is possible on price trading above 465 levels.
- Broken 100 Week SMA and Weekly cloud are stiff resistance levels on weekly chart.
- Last chart shows the Descending channel staying inside which apple will continue to move in favor of bears. Bulls need to break above the channel resistance line for a meaningful bounce to happen.
-
FACEBOOK NEGATIVE DIVERGENCE AND SUPPORT LEVELS
- SPX ANALYSIS AFTER CLOSING BELL
-->
- First chart of Facebook shows price and RSI Diverging negatively. Price has started to show some weakness but has to break crucial support levels for a bigger fall to happen
- Immediate support levels are the 20 Day SMA at 30.08 and the zone between 28.75 - 29.27. These levels may try to stop a bigger fall from happening.
- SPX ANALYSIS AFTER CLOSING BELL
-->
- 2nd chart shows SPX Has some more room to move up. First chart shows price yet to get into a range from which a correction could follow.
- Last chart show the never ending negative divergence between price and MACD Histogram which may continue for a while. MACD lines yet to give a bearish cross.
- Crude oil 4 Hour chart continue to move up by sustaining above the up trend line and the 4 Hour Ichimoku cloud.
- Weekly chart is testing Golden ratio. Any weakness at this crucial fib level may lead to a correction.
DAILY CHART
WEEKLY CHART
ONE HOUR CHART
- Ford falling but has strong support at 50 Day SMA and 38.% Fib level.
- One hour has fallen below the cloud and 200 Hour SMA. Price moving above 200 Hour SMA may lead to an up move towards the Hourly cloud.
- Price sustaining below 200 Hour SMA should lead to 50 Day SMA.
