S&P 500 Futures testing support levels

• ES 4 hour chart shows price testing 200 period SMA
• 4 Hour chart with fib levels shows price testing golden ratio.
• Daily chart is at Ichimoku cloud which has to be held to avoid a bigger fall.
• ES Descending triangle breakdowns

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ES Descending triangle updated

UPDATED CHART

• Descending triangle shown below has given a breakdown in favor of bears. Weakness will persist as long as price stays below 1675 levels.

CHART-I

• ES Hour chart shows a descending triangle pattern. Hourly close below the support zone shown in first chart may extend the fall.
• Crucial resistance at 200 Hour SMA. Bulls need to sustain above 200 Hour SMA For a sustained up move to happen
• TESLA Motors chart analysis

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TESLA Motors Support levels

• Tesla Motors takes support at 20 Day SMA for now.
• Previous resistance level and 23.6% Fib level at 173 will make it a strong support area. Further Weakness  for Tesla only on closing below 173 levels.