ES Chart update

 

 

• ES 4 Hour chart testing 100 period SMA.
• Price at a possible horizontal resistance level.
• Daily chart shows price testing 20 Day SMA. 
• FORD MOTOR IHNS PATTERN

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GOOGLE Chart update

• Google weekly chart finding support at 658 - 669 zone.
• Weekly chart also shows 20 Week SMA trying to support bulls.
• More up moves possible if 38.2% fib level is crossed on closing basis.
• FORD MOTOR IHNS PATTERN

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SPY Chart analysis

• SPY 30 Minutes chart has moved above the trading range.
• Sustaining above 38.2% Fib level should extend this up move towards 143.20 levels.
• Price staying above 30 Minutes cloud will favor bulls to extend the up move.
• FORD MOTOR IHNS PATTERN

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ES Resistance levels

 

• ES Hour chart shows price approaching 200 Hour SMA. Yesterday's up move ended near this line.
• 4 Hour chart shows potential resistance levels if the up move continues. ES 4 Hour cloud may act as stiff resistance. Partial up move into the cloud looks possible.
• FORD MOTOR IHNS PATTERN

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FORD Motor Inverted Head and shoulders

• Ford motor gave an inverted head and shoulders breakout. 
• Price has closed above 200 SMA with good volume surge.
• Weekly chart shows price testing 23.6% fib level. If this level is crossed on closing basis this up move should target 12.71 levels.

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Nifty chart update

• Nifty has to sustain below the range for a possible hit at 50 Day SMA.
• Price has fallen below the golden ratio. Weekly close below this level will favor bears.
• Daily chart trying to hold above 38.2% Fib level. More correction on breaking this level.
• A bigger fall only if 50 SMA and the up trend line of last chart does not 

APPLE Chart update

 

 

• Apple daily chart trying to hold above 200 Day SMA.
• One hour chart shows the strong down trend with Ichimoku cloud.
• Bearish cross of 200 and 50 Hour SMA will ensure sell on rises as long as price stays below crucial moving averages.
• SPY CHART ANALYSIS

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