ES Correction and Support levels

 

• ES Falls below the 100 period SMA of four hour time frame which has held so far on closing basis. Now a close below this level may give an extended fall.
• For now the 23.6% Fib level is trying to prevent a bigger fall from happening. Sustaining below this level could give a fall towards 38.2% Fib level.

FACEBOOK Resistance levels

• Facebook four hour time frame nearing resistance areas.
• Price near falling resistance line from 32 levels.
• Fib levels shows price near 50% Fib level and 50 period SMA.

-->

ES Support and resistance lines

• ES Falling from the resistance line discussed in yesterday's post. Resistance line in 4 Hour chart has worked well so far.
• Now 4 Hour chart also shows support in  a dotted up trend line. Below this line price may test 100 period SMA.
• IWM CHART ANALYSIS

-->

IWM Chart analysis

• IWM Violating crucial rising support line.
• Price has violated 20 Day SMA and has next support at 50 Day SMA.
• Fib levels shows price closing at 38.2% Fib level. Breaking this level may lead to 50 SMA and 50% Fib level

SILVER Correction and support level

• SILVER Daily chart shows price continues to create new lows.
• Weekly chart shows approaching support zone between 26.02 - 26.75.
• Monthly chart shows the same support zone shown in weekly chart and the Golden ratio for 8 - 49 levels which is also a support level which may get tested if there is a big fall.
• ES SUPPORT AND RESISTANCE LEVELS

-->