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S&P 500 Near the Weekly support line

  • SPX about to hit the support line of the weekly wedge.
  • Price staying below 200 DMA.
  • If price gets support at the weekly trend line we will see a good bounce from this level
  • Breaking the support line will favor bears.
  • ES RANGE BREAKDOWN TRADE

ES in a range

CHART-II(UPDATED)
  • Range Breakdown has given good profits for bears.
CHART-I
  • ES 15 Minutes is showing a range of 1266 - 1285 with 1275 as the middle point.
  • Breakout or breakdown may give good direction.

NIFTY Trend update

  • Nifty hourly trend analysis
  • price is staying below 50 Hour and 200 Hour moving average.
  • Price staying below 50 Hour moving average will help bears to push prices down.
  • Things will favor bears till price stays below 50 Hour moving average.

NIFTY Analysis

  • Click the charts to enlarge.

SPY Trend Update

  • 30 Minutes chart shows a smooth down trend in progress.
  • Price closing above 50 period moving average in this time frame or cloud breakout can change the trend.
  • AMAZON MOVING UP WITH NEGATIVE DIVERGENCE

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All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.