CRUDE Oil Triangle update

• Crude oil correction from Triangle resistance line.
• Price is at 200 and Day SMA and nearing triangle support line.
• For a bigger fall price must breakdown below 200 SMA and Triangle support line.

FACEBOOK Chart update

• Facebook has broken above the resistance line.
• 4 Hour chart also shows price testing 50 period SMA. Price must sustain above this line for a bigger up move to happen

ES Chart update

 

• For ES bears price must sustain below the broken 100 period SMA.
• 4 Hour chart shows bulls trying to hold above 23.6% Fib level.
• Hour chart shows price falling from 50% Fib level.

IWM Chart update

• IWM Closed below 50 day SMA.
• Immediate support levels are the 23.6% Fib level and swing low of 88.79.
• If the weekly candle closes around the current levels or lower then correction could extend towards the earlier resistance level of 86 as shown in last chart.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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BANK NIFTY Chart Update

 

• Bank Nifty Daily chart shows bearish cross with 20 and 50 Day SMA. 
• 50 Week SMA is a crucial support level.
• Oversold stochastic need price to hold above 50 Week SMA and support level to hold for an up move to happen.

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S&P 500 Analysis after closing bell

• SPX Testing 23.6% Fib level.
• Price correction followed by clear negative divergence with Price and RSI.
• Recent falls like this has limited itself to the Daily Lower bollinger band. Price is likely to test this level again.
• ES CORRECTION AND SUPPORT LEVELS

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GOLD Trend update

• Gold daily chart shows price continues to break support levels.
• Daily chart also shows Ichimoku cloud acting as strong resistance levels.
• Weekly chart shows a possible support level between 1522 -  1532.