- Crucial short term support for ES at 30 Minutes cloud.
- 4 Hour chart shows price breaking above recent resistance zone. Weakness for the day only if price falls back below this zone.
- Price moving in favor of the bullish pattern in Tata Steel.
- Next resistance in daily chart is at 485
- Weekly resistance is between 500 and 503. 500 Being a crucial round number its important for bulls to close above this resistance zone to increase the upward momentum.
- Ford Motor weekly chart seen here in a Triangle contraction pattern.
- Weekly will favor bulls as long as price stays above 20 Week SMA. Weekly chart will gain momentum on closing above 16.27 levels which is also the 50 Week SMA.
- Weakness on price closing below 20 Week SMA.