EURUSD Support level

• EURUSD Four hour chart shows support near 1.2434 - 1.2448 level.
• Ichimoku cloud of this time frame too is acting as support.
• Breaking this level on closing basis may resume the larger trend.

ES Support and resistance levels

 

• ES Hour is getting support at 200 Hour SMA.
• Breaking the support zone and 200 Hour SMA will extend gains for bears
• ES hour cloud may act as resistance.

NIFTY Chart analysis

 

• Nifty unable to sustain above the levels mentioned yesterday. which are 50 and 200 Day SMA. Week candle was unable to sustain above 50 Week SMA.
• Price is unable to sustain above the falling resistance line. Crucial resistance if the up move continues is around 5160 - 5190 level.

S&P 500 Analysis after closing bell

• SPY clearly shows a big bearish engulfing pattern But for SPX the pattern is not perfect.
• Price got rejected at recent swing high and closed below 20 Day SMA.
• For now price is forming the right shoulder of an IHNS patter. But for bulls it will be better if price trades above 1291