- Facebook Weekly chart shows price taking support at 20 Week SMA. This line should be held on weekly closing basis for a bigger up move to follow.
- Daily and 4 Hour charts too shows price near crucial support levels. If these levels are held a bigger trading bounce is possible in Facebook.
- GOLD Trend analysis
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- ES 30 Minutes cloud has acted as resistance so far, But now price is trying to stay above it.
- One hour chart shows price below 50 Hour SMA. Price must break above 50 Hour SMA and the shaded resistance level for a bigger up move to happen.
- Daily chart shows bulls struggling to protect 100 Day SMA.
- GOLD Trend analysis
- Weekly Chart with MACD shows a bearish cross.
- Price in daily chart is near range bottom and 100 Day SMA. If the Bearish cross in weekly chart is to work well, The support levels in daily chart are not going to be held. So look for more weakness on price closing below these levels.
- Bulls need to stay within the range or above 100 SMA to avoid further correction.
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- As the first chart shows price is at a crucial support zone. 100 SMA and the cloud adds importance for this support zone.
- For bulls of SPY its crucial to hold above these levels as breaking them may affect the bullish structure in higher time frames.
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ES Chart UPDATE
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- ES 30 Minutes chart shows price getting resisted at the cloud.
- 4 Hour chart shows price hitting the Range breakdown target.
- Daily chart shows some more down move possible before a bigger bounce could happen. Daily time frame is shown with a possible support zone.
- APPLE CHART ANALYSIS
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- Facebook daily chart near crucial moving averages like 50 and 100 Day SMA.
- Daily chart is also trading near the cloud.
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APPLE CHART ANALYSIS
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- Apple charts shows slight advantage to bulls as stock is about to release its quarterly financial results.
- 522 is the crucial support level, This is the 20 Week and Month SMA Trading below this level may lead to a bigger sell off.
- BLACKBERRY WEEKEND UPDATE
- ES Chart analysis
