ES Near support level

• ES Four hour time frame with support level.
• Good support exist between 1290 - 1295 level.
• 200 Period moving average for Four Hour time frame is near this level.
• Price staying below 200 Period moving average will favor bears for a breakdown below 1290 level.
• If Price stays above 1305 level then Bulls will be able to push price higher.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Intraday Update

• Nifty hour is trading below its 200 Hour moving average. Last two dips after the up move from 5195 has taken Support at this moving average.
• 15 Minutes chart shows a trending move below Ichomoku cloud. Intraday strength only if price manages to stay above the cloud in this time frame.
• LAST POST ON NIFTY'S 200 HOUR MOVING AVERAGE
  

NIFTY Testing 50 DMA

• Nifty testing 50 DMA again.
• Possible Fibonacci support levels below 5496 are 5468 and 5404
• USDINR is testing its support level. I have done a post on USDINR in the Forex Blog - CLICK HERE TO SEE IT

S&P 500 Analysis after closing bell

• 50 Day Moving average is broken on closing basis.
• 200 Hour moving average is broken
• Price has closed below the cloud in hour time frame.
• Next important support @ 1295
• Bears will become more active below 1295.
• DOW JONES PAUSING NEAR RESISTANCE LEVEL
  

NFLX Cloud and Trend line analysis

• NFLX Despite the correction of this week has managed to stay above important trend lines and clouds
• Price is Moving strong above the weekly cloud. Daily cloud is acting like steps for the stock to continue its upward journey.
• For a bigger correction to happen price should close below the weekly support line

DOW JONES Trend update

• Dow closing the hour and sustaining below 38.2% Fib level will push it towards 50% Fib level.
• Price staying below 200 Hour moving average will favor bears.
• Price has broken the trend line in hour chart next important support is at 12296 levels.
• DOW JONES PAUSING NEAR RESISTANCE LEVEL
  

ES Testing 200 Hour moving average

YESTERDAY'S POST BEFORE BREAKDOWN

• ES has broken down from the triangle pattern and is not testing the 200 Hour moving average.
• Price staying below 200 Hour moving average will turn things in favor of bears completely.
• Getting support here may give an Up move for ES .
• BULL FLAG OF GOLD