August 16, 2013

S&P 500 Analysis after closing bell


  • First chart shows price correction from the channel resistance line.
  • If 50 SMA does not give support this fall could target 1620 - 1630 area.
  • GOLD Support and Resistance levels
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GOOGLE Triangle update


  • Google triangle breakdown continues to do well for bears.
  • Price has closed below 100 Day SMA.
  • Next level for Google bulls to protect are 843-848 zone. for bigger falls to happen  
  • GOLD Support and Resistance levels
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GOLD Support and Resistance levels


  • GOLD 4 Hour chart shows price closing above resistance zone.
  • Daily chart has violated 100 Day SMA. Bulls of gold need a close above this zone to strengthen this up move.
  • Last chart shows potential targets or resistance levels for the current up move. Broken resistance levels and 100 Day SMA may act as support.
  • SILVER Trend update
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ES Chart update


  • ES Testing 50 Day SMA
  • Price has violated crucial support levels as shown in chart 3.
  • Price is moving away from 20 Day SMA. More falls only on closing below 50 day sma.

August 15, 2013

SILVER Trend update

 
  • Silver daily chart has closed above 100 Day SMA.
  • Week is testing 23.6% Fib level. This must be crossed on closing basis for a bigger up move to happen.
  • One hour chart shows price trending up above the cloud. Weakness on price falling below the cloud.



CISCO Negative Divergence


  • Cisco moving up in a bearish channel with Negative divergence.
  • Breakdown from the channel may take price towards the GAP.
  • APPLE Fades the GAP
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ES Testing support levels

 
 
  • ES Testing crucial support levels shown in 4 hour and Daily time frames.
  • CITIGROUP Cup and Handle Pattern
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