- Price contraction continues in 4 hour time frame. Daily cloud is the crucial support. Closing below the cloud may lead to a breakdown from this contraction. For gold bulls the breakout is going to be tough as the overhead resistance levels looks strong.
- CRUDE Oil Weekend update
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- ES one hour chart shows price trending down in a channel
- 4 Hour chart shows price testing the crucial 200 period SMA. Sustaining below this level could lead to a bigger fall, Recent violations of this moving average has resulted in good trading moves.
- Hope for bulls is in the Golden ratio and previous resistance level which may turn support.
- IWM Weekend update
- DOW JONES Weekend update
- Tata Steel daily chart shows weakness as price trades below 20 Day SMA and 23.6% Fib level.
- Weekly chart shows price trading below 5 Week High EMA.
- For this week price should hold above 283 levels to avoid further correction. Below 283 price may fall towards its 20 Week SMA. Strength only on a weekly close above 300 which is the week High EMA.
- 57 - 58 level has acted as resistance zone for EBAY as shown in the weekly chart. Daily chart shows indicators at overbought zone which may lead to a fall towards 50 - 51 levels again.
- IWM Weekend update
- S&P 500 Weekend update
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- CISCO Testing crucial support levels in daily and weekly chart.
- Weakness on closing below 200 Day SMA. Strength on closing above 23.56.
- IWM Weekend update
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- IWM Daily chart with RSI shows negative Divergence and RSI Overbought. Daily also shows price in a range. Breaking below the range may take price towards the channel support line shown in last chart.
- S&P 500 Weekend update
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- Dow Jones Weekly chart shows a shooting star candle and a follow up bearish candle.
- Daily chart is at crucial levels. Sustaining below 50 and 100 SMA could bring down prices towards the support line shown in second chart.
- S&P 500 Weekend update
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