US Dollar Moving towards 200 SMA

• US Dollar is moving towards a resistance line and its 200 Day sma in daily chart.
• first hurdle for dollar will be the resistance line. If price closes above it then it may test its 200 Day SMA.

ES Violates the support line

• Support line discussed below has been violated. 

• Price testing the support line 
• Price has fallen below 50 Period moving average.
• Break of the support line will add strength for bears.
• NFLX WEEKEND UPDATE
  
• S&P 500 WEEKEND UPDATE
  
• SPY VOLUME AND INDICATORS ANALYSIS
  

RELIANCE Triangle pattern

• Reliance has given a breakdown from triangle and we saw price come down to 776. But there is no volume change. We have to see a volume breakout soon for validating this breakdown.

CHART-II

RELIANCE CHART-I

• Reliance 15 Minutes chart in a consolidation pattern with price approaching the apex of the pattern.
• Breakout or breakdown may give good direction for the stock and may affect the direction of nifty.

Nifty Futures intraday Update

• Price is forming a broadening wedge pattern in hour time frame
• Up moves from here if happens will be resisted by the top line of the wedge.
• This fall may stop at 50 Hour moving average. There is a support near 4927 levels too.
• RELIANCE INDUSTRIES ANALYSIS
  

RELIANCE Chart Analysis

• The week that ended on Friday was very good for bulls or reliance.
• But Next week bulls has to face strong resistance levels.
• First one is the trend line resistance. They previous support level at 828 which may act as resistance.
• Stochastic is entering overbought level. Price is about to hit the upper Bollinger band.
• Most Important is the 50 Day Simple moving average at 824 levels.
• For bulls price should close above 50 Day SMA.
• Getting resisted at 824 - 828 levels can give a good short trade for reliance bears.
• NIFTY WEEKEND UPDATE
  
• S&P 500 WEEKEND UPDATE
  

SPY Indicators and Volume Analysis

• Indicators are favoring bears for next week.
• Bears will be stronger below 114. Break of 114 may lead to a test of recent lows at 110.27 which is the final hope for bulls.
• For Tuesday the support line comes at around 114.80
• NFLX WEEKEND UPDATE
  
• S&P 500 WEEKEND UPDATE
  

S&P 500 Weekend update

• Moving average in Month, Week and Daily time frames are aligned bearishly. 
• Last chart is the four hour time frame. Price is approaching the support line of a bearish Flag like pattern.
• Breaking the support line of this pattern will continue the fall which started last month.
• In the short to medium term bulls will face resistance in the form of 50 and 200 Day moving average. Price staying below 50 Day sma will keep the effects of death cross intact.
• So for now a sell at higher levels looks a safe option.
• EURUSD AND US DOLLAR CHART ANALYSIS
  
• NFLX WEEKEND UPDATE
  
• SPY INDICATORS AND VOLUME ANALYSIS