MSFT near 200 DMA

• MSFT Daily chart is near its 200 day moving average.
• Stock took support at its 200 dma, But an up move will be possible only if stock manages to break above the resistance line shown in the 2nd chart.
• Breaking below the 200 dma will favor bears of MSFT.
• SPY TRIANGLE PATTERN
  
  

SPY Triangle Pattern

• SPY Hour in a triangle formation.
• Today's morning GAP may get filled before we see the breakout from the pattern.
• Being a triangle its prone to false breakouts.
• Price has to take out 133.60 after an upside breakout or 130.60 after a downside break.

S&P 500 Before opening bell

• ES Hour chart with fibonacci levels and 50 hour moving average.
• Price has closed above 50 hour moving average and the Ichimoku cloud which is positive for the bulls.
• If price breaks and sustains above the golden ratio(61.8%) we may see Es testing 1336 level again.
• CRUDE OIL HITS THE GOLDEN RATIO