GOLD near resistance levels

 

 

• Gold chart approaching 200 Day SMA.
• Price testing 38.2% Fib level.
• Weekly chart above has broken above 20 Week SMA.  Gold bulls need to breakout and close above 200 SMA for a bigger up move to happen.

ES Testing resistance zone

• ES 4 hour chart shows price testing resistance zone.
• Price is nearing the Golden ratio.
• Need to breakout above this zone for targeting the 1840 levels again.
• BLACKBERRY WEEKEND UPDATE
• IWM Weekend Update
• SPY Weekend update

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APPLE Fading the result GAP

• Apple daily chart shows price testing the result GAP.
• Daily chart also shows price facing confluence of resistance at 524 levels in 50% fib level and 100 Day SMA.
• Weekly chart shows crucial resistance level at 20 Week SMA. Apple bulls need a weekly close above Middle bollinger band for a bigger up move to happen.
• BLACKBERRY WEEKEND UPDATE
• IWM Weekend Update
• SPY Weekend update

BLACKBERRY Weekend update

• Weekly chart shows resistance at 38.2% fib level and 50 Week SMA.
• Daily chart shows price hanging around 200 Day SMA.
• Blackberry bulls need a big volume and price breakout above 200 Day SMA to extend this up move.
• IWM Weekend Update

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SPY Weekend update

• SPY Daily chars shows price nearing multiple resistance levels.
• Golden ratio and previous support resistance zone may act as resistances for spy bulls.
• IWM Weekend Update

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IWM Weekend update

• IWM Daily chart shows resistance at 100 and 50 Day SMA.'s
• Long shadow of Weekly candle looks bullish But price need to stay above 20 Week SMA for bigger up moves to happen.
• Last chart shows a convincing breakdown from the daily channel. This bounce should take price back into the channel for resuming the primary trend. Weakness at the broken channel support line may resume the down move.

S&P 500 Futures chart analysis

• ES nearing the apex of a contraction pattern as shown in first chart. Bigger move can be seen once price breaks one of these lines. For now bulls have the upper hand as price sits above 200 Hour SMA. Bulls must protect 200 Hour SMA for a bigger up move to happen.