ES Chart update

• ES Daily chart near Horizontal and falling resistance lines.
• Price also near 78.6% Fib level.
• Trading above 80% retrace level should give a complete reversal and fresh high's for ES.
• Unable to close the day's candle above 78.6% Fib level will be negative for bulls.
• FACEBOOK CHART UPDATE

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FACEBOOK Chart update

 

• FACEBOOK Daily chart is doing a consolidation above the GAP in daily chart. Price holding above 26.68 levels should extend the current up move in facebook. 
• Indicators are showing overbought readings in daily chart But price if stays above crucial support levels like 20 SMA and 26.68 levels should stop a bigger correction from happening.
• Falling back into the filled GAP area will be bearish for FB.
• S&P 500 ANALYSIS AFTER CLOSE

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HDIL Chart analysis

 

• HDIL Weekly chart nearing overbought zone.
• Weekly resistance at 122 level. Bulls need a weekly close above 122 for a possible target of 135.
• Daily charts are showing negative divergence which need confirmation before going short. Weakness on trading below 115 levels.

NIFTY Weekly resistance levels

 

• NIFTY Shows weakness near Previous weekly high of 5944. This level is closer to the 78.6% Fib level and a possible resistance line shown in first chart.
• So multiple factors in weekly chart stopping bulls from moving ahead. Bulls need a weekly close above these levels for a bigger up move to happen. Weakness only on trading below 5838 and 5815 levels on daily closing basis.

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S&P 500 Analysis after closing bell

 

• SPX Managed to close another day above 50 Day SMA and above Golden ratio. But price showed resistance near the resistance lines shown in first chart.
• Day high was also at the Daily Ichimoku cloud. So Bulls need a close above the cloud and resistance lines to continue this up move.