SPY Chart analysis

• SPY First chart is the hourly time frame which shows the resistance levels between 152 - 153 area.
• Other two charts are 15 Minutes time frame with trend line break and Fibonacci levels.

APPLE Diamond pattern

• Apple 30 Minutes chart shows a Diamond pattern.
• Bulls of apple need price to sustain above the cloud and 100 Period SMA for a breakout from the pattern. Unable to trade above these levels may give new lows for apple.

EURUSD Update

• EURUSD 4 Hour chart shows resistance lines.
• Second chart shows price getting resisted near the cloud.
• Last chart is the daily time frame which shows the potential for a Head and shoulders pattern. If the current support levels are held the Right shoulder of the pattern is possible.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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ES Chart Analysis

• ES 4 Hour chart near resistance line. Bears need to protect this line for a correction to start.
• For bears price has to fall below 50 and 100 period SMA of this time frame for a bigger fall to happen.
• Price violating the falling resistance line will target the black lines shown in second chart.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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First Solar Chart analysis

• FSLR Daily chart shows price trying to seek support at previous resistance level.
• Sustaining above previous resistance level may lead to a partial fading of the GAP Price may move back towards the broken support line or 29.49 area.
• Weekly closing below 20 Week SMA will favor bears to extend the fall. Last week candle is a PIN BAR Reversal candle which will gain strength on price closing below 20 Week SMA.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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IWM Chart analysis

• IWM Daily chart bouncing from lower bollinger band. But price failed to close below 20 Day SMA
• Second chart shows price violating the bullish channel. Bears need price to break 50 Day SMA for bigger correction to happen
• Weekly chart shows price testing support lines. Bears need a weekly close below these lines for bigger correction to happen.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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FACEBOOK Divergence and Support levels

 

• Facebook daily chart with price and MACD histogram shows Positive divergence Not very prominent But its the support levels that will keep the bulls interested.
• Price is near its 100 Day SMA and 20 Week SMA So correction may extend some more But price is likely to hold above 50% Fib level and 100 Day sma for an up move to start.