S&P 500 futures before opening bell

• S&P 500 futures breaks down from the broadening pattern.
• Now 1116 area may give support for the index.
• If 1116 gives up index will drift to 1112 level.
• INTRADAY LIVE CHART FOR S&P 500
  

Nifty intraday update I

CHART-II

CHART-I

• Triangle pattern of nifty futures.
• Price is trading close to the apex of the pattern. One can expect a breakout or breakdown to happen soon.

Nifty one minute chart

• Nifty one minute chart showing today's small range
•  Only if nifty breaks out of this range we can expect to see further action.
• Break out from the above range may give direction for the Triangle mentioned in the earlier POST

Nifty Intraday update

• NF is forming a triangle pattern in its 30 minutes time frame.
• One has to keep in mind the recent high and low formed in chart while trading this pattern. high at 6045 and low at 5951.

Nifty daily analysis

NIFTY DAILY CHART

NIFTY WEEKLY CHART

• Nifty is being cautioned by the candlestick pattern. Yes cautioned nothing else is shown on the screen that suggests we are close to the top of this bull run.
• May be a close below 5 day high ema can be considered as weakness.
• The weekly chart is yet to show weakness.
• LIVE INTRADAY CHART FOR NIFTY WITH EMA
  

S&P 500 Analysis after closing bell

HOUR CHART

DAILY CHART

DAILY CHART

• First chart is the hour chart which is still trading above 50 Hour moving average. So the trend in hour chart is still UP.
• second chart is daily time frame with 10 and 50 DMA. Index is trading above these two DMA. Index has not even violated the 10 DMA yet.
• Third chart shows the previous resistance area of 1129 which may become support now.

APPLE in a channel

CLICK TO ENLARGE THE CHART

• Apple is moving up in a channel, shown here with 4 hour time frame.
• Correction it seems is only possible if the support line of the channel breaks. Till than one can stay with the trend.