ES Chart update

• ES one hour charts with possible resistance levels.
• Bulls need to sustain above the hourly cloud for a bigger up move to happen.

GOLD At Resistance Levels

 

• Gold is testing the crucial 50 Day SMA and the Resistance line of the triangle.
• A bearish candle closing below 23.6% may result in a correction.
• Positive for gold bulls only on a daily close above 50 Day SMA.

ES Chart analysis

 

 

• ES 4 Hour chart shows price testing crucial support zone. Closing below this support zone may extend the fall by another 15-20 points.
• Bulls need to protect the 4 hour cloud and stay above 23.6% to avoid such a fall.

NIFTY Chart update

• As shown in first chart Bears need price to close back into the range. Another daily candle below 5 Day Low EMA may also strengthen bears. 
• 20 Day SMA may spoil things for bears. Last time when price went there it resulted in a bullish reversal. Bears need a daily close below this line to extend the fall.
• MACD Histogram and price negative Divergence

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APPLE Weekend update

• Apple daily is trading below the rising support line. But price is yet to close below the 20 Day SMA.
• Weekly chart has given a bearish candle at previous resistance zone. If price stays below 78.6% Fib level shown in last chart and 20 Day SMA a bigger correction is possible.