- Apple monthly chart shows price nearing 50% Fib level for the rise from 78 to 705 levels.
- Weekly chart shows price near 200 Week SMA.
- Daily chart shows a possible Double bottom formation if the low at 385 is held.
- ES Four hour chart shows price back to the support zone of the range.
- Price is also nearing crucial fib levels.
- Daily ichimoku cloud too may act as resistance for this up move.
- Tata Motors came back to close inside the triangle pattern after a false breakdown.
- Price has to close outside this pattern for a bigger move to happen.
- Price sustaining below 200 Day SMA and the cloud means weakness.
- SPY 5 Minutes chart shows immediate support and resistance lines.
- 30 Minutes chart shown with 50 period SMA.
- Last chart shows price trying to stay above 23.6% Fib level. Weakness on price falling below this level.
- Google daily chart shows price near 50 Day SMA and 38.2% fib level.
- 4 Hour chart shows price trying to hold above the cloud base. Closing below the cloud may extend the fall in Google.
- ES one hour chart shows price trying to sustain above 50 Hour SMA.
- One hour cloud will act as stiff resistance. Price has to trade above the cloud of this time frame for turning the trend.
- Fib levels shows price at 23.6% Fib level. Price must stay above this level to target 38.2% Fib level.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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- Bank nifty weekly chart shows price nearing crucial support resistance level near 11050 - 11100
- Bank nifty still in sell mode But weekly stochastic is fast approaching oversold zone which may give some relief for bulls.
- Daily chart with 5 Day High EMA shows no pause or turnaround as price continues to move away from 5 DHEMA