- Intel Falling wedge pattern is doing well so far for bull. Price is getting resisted at 100 Day SMA. Intel bulls need a close above 100 SMA to extend this move towards 24.43 levels. Price is testing the Daily Ichimoku cloud. Bulls need to close above the cloud for a bigger up move to happen.
- FACEBOOK Trend update
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- Facebook one hour has broken the up trend line and horizontal support at 43.07
- Hour chart also shows price falling towards 38.2% fib level and previous resistance zone which may act as support. Daily chart shows next support at 20 Day SMA. These support levels must hold to avoid a bigger fall in Facebook.
- APPLE Weekly bearish engulfing
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- ES one hour testing previous resistance level and 50 Hour SMA. Staying above this zone may resume the up move for newer high's. Closing below this level may lead to 1670 levels and lower.
- Apple has violated 200 Day SMA. Bears need a daily close to confirm breakdown.
- 4 hour chart shows price at 50% retrace level. Closing below this level should give the Golden ratio for apple bears. Price sustaining below the 4 hour cloud will also help apple bears.
- APPLE Weekly bearish engulfing
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- Daily chart shows price testing crucial support zone in 50 Day SMA and daily cloud top.
- 4 Hour chart shows price contraction which may lead to bigger move on a breakout.
- ES 15 Minutes chart shows price in a range after a big up move. One hour chart shows Immediate support levels in case of a correction.
- APPLE Weekly bearish engulfing
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- GLD Is taking support at the daily cloud and 50% retrace level.
- For a bigger fall price mus trade below the cloud.
- For bulls the presence of the GAP between 128 and 131 and the broken 50 and 100 Day SMA's will make it tougher to do a bigger up move for now.
- APPLE Weekly bearish engulfing
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