- Blackberry getting resisted at Weekly cloud and 50 Week SMA.
- Daily chart shows Fibonacci support levels. This fall may not last much price is likely to move up again from Golden ratio or 78.6% Fib level towards the Unfilled GAP shown in last chart.
- For a bigger up move price must sustain above 50 Week SMA.
- S&P 500 Weekend update
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- Silver weekly chart shows a bullish close. This move may target the broken support line of the weekly Descending triangle shown in first chart.
- Price has also made a close above 20 Week SMA or Middle Bollinger band. Price is likely to move towards the upper bollinger band.
- Immediate resistance level at 38.2% Fib level near 24.50.
- S&P 500 Weekend update
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- S&P 500 Managed to close below 50 Day SMA. But the closing does not looks convincing and Bears need to do more to pull prices down further.
- Price is at 38.2% Fib level which is at 1652. This level has to break for extending the down more.
- Bears must take care as Daily stochastic is reaching oversold zone. Bearish Below 1652. Strength above 1664
- Bank nifty daily chart unable to gather strength continues to breakdown below 5 Day High EMA.
- Weekly Fib levels shows price may fall towards 78.6% Fib level near 8977 levels.
- Monthly chart too looks bearish as price is doing a vertical fall from Monthly upper bollinger band towards the Lower Band.
- One hour chart violates support level.
- Daily chart shows price below 50 Day SMA.
- Fib levels shows price moving towards 38.2% Fib level which may give a bounce
- Crude oil one hour in a channel.
- Price testing 100 Hour SMA and Crucial fib levels. Breaking below these levels may lead to a bigger correction.
- ES one hour chart shows the levels which bears must break to extend this down move.
- Bulls need to protect 50 Day SMA to avoid a bigger fall.
- 4 Hour chart shows the broken support levels which may act as resistance if price bounces from here.
- SPX Analysis after closing bell
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