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- I was expecting a faster up move for gold from the pattern shown in last chart But Price is again showing weakness near 200 Day SMA. First chart shows the recent sell off's from 200 SMA.
- 2nd chart shows price struggling to break above the cloud. For bulls of Gold price must stay above the cloud for an attempt to break above 200 SMA.
- Last chart shows crucial price zone around 1250 level. Bulls will become weak if price starts to trade below 1250.
- ES Chart analysis
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- ES Daily chart shows price trying to take support at 100 Day SMA.
- One hour chart shows price nearing 23.6% Fib level. 30 Minutes shows price nearing the cloud which may act as resistance. Price if breaks these immediate resistance levels in smaller time frames will see a bigger and faster up move.
- Bears need to stay below 100 Day SMA for extending the fall.
- Bank of America Weekend update
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BLACKBERRY WEEKEND UPDATE
- For nifty bulls price has to hold the Daily cloud and the rising support line shown in second chart.
- Last chart shows price in a range. Daily Close below 6234 may result in a fall towards 6129 - 6139 zone.
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- McDonald's Daily chart shows a triangle pattern. Price is testing the support line of the triangle pattern.
- Daily chart already has a Bearish Death cross in place. Price is trading below 200 and 50 Day SMA. More falls is likely if the support zone shown in last chart gets broken. Strength only on price trading back above 50 Day SMA.
- Bank of America Weekend update
- BLACKBERRY WEEKEND UPDATE
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- Weekly chart shows a Bearish Engulfing pattern at 50 Week SMA.
- Daily chart shows MACD getting ready for a bearish cross. Crucial support at 50 Day SMA.
- Price is also near the daily cloud. If price takes support at the cloud a trading bounce is likely to happen.
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BLACKBERRY WEEKEND UPDATE
- Bank of America Weekend update
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- Daily chart shows price closing below the 20 Day SMA
- Weekly chart continues to move in an ascending channel. Weekly chart has a bearish engulfing pattern. This engulfing pattern will be effective only on price breaking below the channel.
- Last chart shows immediate support levels in daily time frame.
- BLACKBERRY WEEKEND UPDATE
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- IWM Weekly chart shows a Bearish Engulfing pattern.
- Current weakness may lead price towards the Weekly Middle Bollinger band. Up trend will weaken only if price starts to trade below 20 Week SMA and the Ascending channel shown in 3rd Image.
- BLACKBERRY WEEKEND UPDATE
