- Apple one hour may turn positive if price moves above the cloud.
- Levels to watch on daily time frame are 155 and the moving averages 20 and 50. Bears need to keep price below 50 SMA to avoid a bigger up move.
- Levels for bears to break are 152 and 149 levels. Hourly down trend will resume below these levels.
- ES Weekend update
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- ES Daily chart shows the continuation breakout.
- Weekly time frame shows the Negative divergence which stands invalid as of now.
- 4 Hour chart shows breakout above resistance level 2506. Bulls will remain strong above this level for the coming week. Bears need to fall back below this level for a possible correction to start.
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- Nifty Week is resting at a crucial price zone. 9700 and 20 Week SMA has to be protected by Nifty bulls to avoid further correction.
- Nifty bears must defend 50 Day SMA as shown in last chart. Staying below 50 Day SMA Bears will be able to extend correction further.
- Bearish view will negate only if Bulls are able to get back above 50 SMA again.
- NIFTY Month Week and Daily charts
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