DOW JONES Trend update

• Dow closing the hour and sustaining below 38.2% Fib level will push it towards 50% Fib level.
• Price staying below 200 Hour moving average will favor bears.
• Price has broken the trend line in hour chart next important support is at 12296 levels.
• DOW JONES PAUSING NEAR RESISTANCE LEVEL
  

ES Testing 200 Hour moving average

YESTERDAY'S POST BEFORE BREAKDOWN

• ES has broken down from the triangle pattern and is not testing the 200 Hour moving average.
• Price staying below 200 Hour moving average will turn things in favor of bears completely.
• Getting support here may give an Up move for ES .
• BULL FLAG OF GOLD

NIFTY Technical Analysis

• We saw a double bearish engulfing yesterday But price remains inside the range. Going up and down in between 50 and 200 DMA. 
• Price closing below 5 Day Low Ema is being used as a buying opportunity because of the range. So one can wait till price breaks 50 Day Moving Average.
• Range 5496 - 5740
• Day Low EMA @ 5570
• 50 DMA @ 5515
• FLAG OF GOLD