- INFOSYS Weekly MACD was looking good until price hit the 20 Week SMA. Now Bulls here need a close above 20 Week SMA on closing basis for a bigger up move.
- Daily chart is trading closer to 200 SMA. Unable to close back above 200 SMA means weakness continues for the stock.
- Most crucial level for infosys to stay above is the weekly range shown in last chart. Staying above this range up moves are possible.
- SPY Daily seeking support at 20 day SMA
- Daily line chart shows price staying above a wedge pattern. Weakness if price falls below 193.54 levels on closing basis.
- Negative divergence in weekly charts has given very little for bears. Weekly chart shows a negative divergence which may result in a small fall followed by another up move.
- As price nears the up trend line BN is moving in a range volatility has reduced. Bollinger band is contracting and all this could change on price hitting the up trend line. Breakout or breakdown from this range may give the next big direction in BN.
- Crude oil 4 hour cloud and support levels in four hour is getting tested. More crucial is the previous resistance zone shown in daily chart, Recent dips to this level resulted in trading bounces. If this level does not hold a bigger fall is possible.
- Bullish looking cloud chart for gold But for now price is stuck in a range as shown in four hour time frame. More importantly price is pausing at golden ratio. gold bulls must trade above golden ratio for bigger moves to happen. for now breakout from the 4 hour range may give larger direction.
- ES bulls shows weakness as it breaks another trend line and testing the 4 hour cloud. But bears may gain strength only on breaking below the yellow horizontal support zone shown in first chart.
- Silver above 50 Week SMA and the Falling resistance line of Weekly chart.
- Possible resistance in weekly cloud. Last attempt to move up was stopped at the weekly cloud. For silver bulls to extend this up move price must move into the weekly cloud.
