- ES One hour chart sustaining above 50 Hour SMA and hourly cloud should favor bulls for a bullish consolidation breakout.
- ES Daily chart shows crucial resistance at 78.6% Fib level which should be crossed for extending the current up move.
- S&P 500 WEEkEND UPDATE
July 30, 2012
- Weekly chart of bank nifty shows price contraction in a triangle pattern. A bigger move will happen once price breaks out of this pattern. Weekly chart has a sell signal which will be effective below 20 Week SMA and the support line of the triangle.
- NIFTY WEEKEND UPDATE