US Dollar Near Support levels

• US Dollar Daily chart near support level.
• Weekly chart too is shown with a possible support line.
• Price is nearing 100 Week SMA. If the above mentioned levels are held a reversal is possible.

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BANK Of America chart update

• Bank of america daily chart is trying to form a descending triangle pattern.
• Price is still inside a trading range with resistance at 20 Day SMA and crucial support at the range bottom and the rising 50 Day SMA.
• Weekly Fib fan shows resistance at 50% Fib line.
• ES CHART UPDATE
• OVERBOUGHT WEEKLY RSI - CISCO

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ES Chart update

• ES 4 Hour chart testing crucial support zone and 50 period SMA.
• Falling below support level and 50 period SMA may lead to the 4 Hour cloud. Trend is safe on price sustaining above the cloud. 
• OVERBOUGHT WEEKLY RSI - CISCO

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CISCO Overbought Weekly RSI

• CISCO Weekly chart shows a possible double top pattern pending confirmation. 
• Weekly RSI is at overbought zone. Last two times price has given good correction from overbought zone. 
• Daily chart shows price breaking an up trend line and closing below 20 Day SMA. Sustaining below these levels may extend correction towards 50 SMA for a bigger fall price must break below 50 Day SMA.
• RIMM SUPPORT LEVELS

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RIMM Support levels

 

• RIMM Closed below 20 Day SMA and the previous resistance level of 14.21
• Fib Levels shows price testing 38.2% Fib area which should hold to stop further correction.
• Next crucial level is the 50 Day SMA Which should hold to avoid a bigger fall. The Golden cross will also become weak if price starts to trade below 50 Day SMA.

NIFTY Support levels

• Price continue to move with the boundaries of the contraction pattern.
• Support line, 20 Day SMA and 5 Day Low EMA are immediate support levels.
• Crucial support shown in monthly chart is the 5 Month High EMA.
• For bears need a close below 20 Day SMA and 5 Day Low EMA for a bigger correction to follow.

S&P 500 Analysis after closing bell

• 30 Minutes chart shows price testing the cloud. 
• One hour chart shows price breaking below 20 Hour SMA and testing 50 Hour SMA.
• Last chart is the daily time frame. Price if sustains above the black line should target the upper resistance line around 1517 levels.
• SPX ANALYSIS

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ES Trend update

 

• Price testing crucial support levels in one hour and support line in 4 Hour chart. Price must sustain below these levels for a bigger fall to happen. 

GOLD Chart update

 

• Gold near the channel resistance line.
• Round number of 1700 and 100 Day SMA may act as resistance levels.
• Price continue to find support near or at the 100 Week SMA. Sustaining above 100 Week SMA a breakout in favor of Gold bulls may happen soon.

FACEBOOK Support levels

• Facebook Hour chart showing support at 23.6% Fib level, Hourly cloud and 100 Hour SMA.
• Multiple support levels must break for the correction to continue.
• Holding above these levels may lead to an up move towards 32 levels again.

S&P 500 Futures chart analysis

• First chart the 4 Hour chart shown with the channel. Price continue to respect the resistance line of the channel But the corrections are small and the up move resumes.
• Next chart one hour chart shows the classic technical analysis, Previous resistance is becoming support level.
• For bears price must sustain below 100 Hour SMA for a meaningful correction to happen.
• APPLE CHART UPDATE

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APPLE Chart update

• First chart of Apple shows the GAP as resistance. Partial fading of GAP is possible on price trading above 465 levels.
• Broken 100 Week SMA and Weekly cloud are stiff resistance levels on weekly chart.
• Last chart shows the Descending channel staying inside which apple will continue to move in favor of bears. Bulls need to break above the channel resistance line for a meaningful bounce to happen.
• FACEBOOK NEGATIVE DIVERGENCE AND SUPPORT LEVELS
• SPX ANALYSIS AFTER CLOSING BELL

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FACEBOOK Divergence and Support levels

 

• First chart of Facebook shows price and RSI Diverging negatively. Price has started to show some weakness but has to break crucial support levels for a bigger fall to happen
• Immediate support levels are the 20 Day SMA at 30.08 and the zone between 28.75 - 29.27. These levels may try to stop a bigger fall from happening.
• SPX ANALYSIS AFTER CLOSING BELL

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S&P 500 Analysis after closing bell

• 2nd chart shows SPX Has some more room to move up. First chart shows price yet to get into a range from which a correction could follow.
• Last chart show the never ending negative divergence between price and MACD Histogram which may continue for a while. MACD lines yet to give a bearish cross.

CRUDE Oil Trend update

 

• Crude oil 4 Hour chart continue to move up by sustaining above the up trend line and the 4 Hour Ichimoku cloud.
• Weekly chart is testing Golden ratio. Any weakness at this crucial fib level may lead to a correction.

FORD Chart update

DAILY CHART

WEEKLY CHART

 

ONE HOUR CHART

• Ford falling but has strong support at 50 Day SMA and 38.% Fib level.
• One hour has fallen below the cloud and 200 Hour SMA. Price moving above 200 Hour SMA may lead to an up move towards the Hourly cloud.
• Price sustaining below 200 Hour SMA should lead to 50 Day SMA. 

ES Trend update

 

• Smooth up move or up trend in Hourly charts of ES is getting tested.
• Bears need price to fall below the shaded support level shown in 4 Hour chart. Hours trading below One hour cloud too may give a bigger dip in favor of bears.
• SPX ANALYSIS AFTER CLOSING BELL
• RIMM CHART UPDATE
• FACEBOOK CHART UPDATE

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