ES Four hour chart shows price contraction in a triangle like pattern. Closing outside the boundaries of this pattern may result in bigger moves.
2nd chart shows support near golden ratio for es. More weakness if Golden ratio is taken out by bears on closing basis.
Daily chart starts to show positive divergence. But price yet to confirm reversal.
Monthly chart shows possibility of price testing Multi-year lows around 33 levels.
For any reversal to be meaningful price must move above the cloud.
Daily chart of Tata steel has a Death cross.
Weekly chart is testing crucial support levels.
An up move if happens will be limited to the channel resistance line shown in last chart. If price stays within the channel bigger breakdowns are possible in the coming weeks.
