- First chart the daily time frame of C shows a false breakout which usually ends up giving a good trade on the opposite side.
- Here 50 Day SMA may give support for bulls. Bears must break this level for targeting the GAP shown in the first chart.
- Higher time frame shows weakness at 78.6% Fib level. Bulls must cross this level to negate the weakness of daily time frame.
- SPX ANALYSIS AFTER CLOSING BELL
- APPLE WEEKEND UPDATE
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- First chart shows crucial support lines in weekly chart. Holding above them price should make newer high's.
- Daily chart too shows price getting back above the Crucial 20 Day SMA. Bears needed a close below this level to push prices down further.
- Now for bears need price to fall below 23.6% Fib level for a bigger correction to happen.
- GLD WEEKEND UPDATE
- APPLE WEEKEND UPDATE
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- FORD Motor Weekly MACD Getting ready for a sell signal. Price yet to test the rising trend line which may act as support if the fall continues.
- Daily chart shows price trying to take support at the base of Ichimoku cloud. Looks like a small hammer which may give a bounce
- Last chart is the weekly time frame with immediate support level of 20 Week SMA and 100 Week SMA. Breaking these support levels will add strength to the sell signal. Holding above them may lead toward 14 levels again.
- GLD WEEKEND UPDATE
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- APPLE First chart is the Weekly Time frame with 5 Week HIGH EMA. Only a weekly close above this moving average would confirm a weakening of the larger Trend.
- Other two charts Week and Daily are showing Positive Divergence But price yet to show strength. 100 Week SMA and 50 Day SMA are crucial resistance levels in those time frames.
- During Strong trending phases Divergences takes longer time to take effect that's what happening to apple now.
- SPX ANALYSIS AFTER CLOSING BELL
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- GLD Weekly chart with Stochastic shows Oversold readings.
- Daily chart shows the Death cross. But price has moved away too much from the key moving averages so price may do a reversal to the mean or a pause at the current levels.
- Last chart shows 3 Unfilled GAP's in chart. Oversold condition of GLD may lead to a reversal attracting price towards these unfilled gap's.
- SPX ANALYSIS AFTER CLOSING BELL
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- Weekly chart shows its first bearish weekly candle after 7 consecutive green candles. The place of the red candle at a possible resistance line also look significant for bears cause.
- Daily candle coming back to close above 20 Day SMA or Middle BB should give some relief for bulls.
- Last chart the 30 Minutes time frame shows price near a crucial support resistance zone. Bulls may regain control above 1514 - 1515 level.
- Hour trend continues to favor Silver bears.
- First chart shows price continues to make new lows.
- Hourly ichimoku cloud acting as stiff resistance.
- Right now price is shown in a range in 30 Minutes chart. Down trend may continue on breaking range support area.
