S&P 500 Futures chart update

 

• ES one Hour chart shows channel breakdown.
• Four hour chart shows crucial fib levels.
• Last chart shows price below 50 period SMA and moving towards 100 SMA.
• GOOGLE WEEKEND UPDATE

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EBAY Weekend update

• EBAY daily chart shows price falling towards 200 Day SMA.
• Weekly chart has fallen below 20 Week SMA. Next support is at 49.2 level.
• Fibonacci levels shows price near 23.6% Fib level. Holding above this level may lead to a bounce. If 23.6% fib level and price support of 49.2 does not hold then a bigger correction may happen.
• GOOGLE WEEKEND UPDATE
• APPLE WEEKEND UPDATE

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GOOGLE Weekend update

 

• Dark cloud cover pattern in daily chart continue to work well for bears of Google.
• Price resting at 20 Day SMA. Falling below this level will extend the fall.
• Weekly chart shows negative divergence. A bigger fall can be seen if the divergence starts to take effect.
• APPLE WEEKEND UPDATE

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SPY Weekend update

• First chart shows a possible resistance line in weekly chart.
• Second chart shows daily chart with support zone at 155.13 levels. Trading below this level may extend the fall towards the GAP.
• Last chart shows the weekly time frame with strong indicator. Weekly stochastic yet to turn down.
• APPLE WEEKEND UPDATE

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MICRON Technology Weekend update

 

• Micron technology daily chart shows bearish engulfing pattern.
• Price and RSI also shows good negative divergence.
• Divergence and Bearish engulfing will work well if price starts to trade below the weekly support zone shown in last chart.
• APPLE WEEKEND UPDATE

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APPLE Weekend update

 

• Apple closing outside a contraction pattern. Price has closed above 20 Day SMA. 
• Price is entering the selling zone as explained in the last chart. After the bearish cross of 20 and 50 SMA the zone between 20 and 50 SMA continue to act as selling area. 
• So the current rise may extend till 50 SMA were it may face selling pressure again.

SPY Chart analysis

• SPY Nearing crucial support level as shown in 30 Minutes time frame.
• Bear of SPY Need a close below 50 Hour SMA and 23.6% Fib level for a bigger fall to happen.