- ES Near 200 hour moving average. Price has to close above this MA for further up move to happen.
- Bulls manage to break the resistance line in hour chart. But further up move will be possible only if they manage to break above the 200 hour moving average.
- Nifty's moving average is showing a bearish alignment.
- 20 day moving average is approaching 50 dma.
- We had a similar event near 6000 levels. For this one to work perfectly Price should continue to stay below 20 day moving average.
- Bears will get bigger gains once the trend line shown in weekly chart gets broken.
- SILVER May Give a Bearish engulfing Weekly candlestick pattern
SILVER WEEKLY CHART
- Silver weekly chart with a possible bearish engulfing pattern.
- If this one gets confirmed we may see price slide back to the trend line shown in weekly chart.
- For bearish weeks to unfold price has to close near 34 levels. This will make sure that the body of the previous two bullish candles will be engulfed by this bearish engulfing candle.
- DOW JONES ANALYSIS
- SPY 5 minutes chart with today's range.
- Break below 127.47 may fade the GAP.
- If price takes support at 127.47 we may see an up move towards 128.39.
- DOW JONES ANALYSIS
- Price in hour chart is trying to break the resistance line
- 1282 - 1283 area will act as resistance for ES.
- Break below the yellow line will favor bears.
- DOW JONES ANALYSIS
- Weekly chart of CNX - IT shows a channel formation.
- Price is Near the resistance line of the small channel and the support line of the bigger channel.
- This setup should give good direction for the leading IT stocks once a breakdown or breakout happens on closing basis.
- DOW JONES ANALYSIS
- Dow jones daily chart with 50 , 100 and 200 dma's and Ichimoku cloud.
- Price has violated both 50 and 100 dma's. If it stays below 100 dma we may see price sliding to 200 dma in the coming weeks.
