SINA Hits Weekly Resistance line

• SINA has hit its weekly resistance line. 
• One can remain short from near the resistance line with small stop loss
• Risk reward ratio favors a short trade at this level.
• SPY HITS RESISTANCE LINE
  

SPY Hits Resistance line

CHART-II UPDATED

CHART-I

• SPY hits the resistance line at 118.60 and starts to come down.
• Price has to stay above this resistance line for an up move to happen.
• Failure to stay above the resistance line and falling below 117.56 may result in a bigger correction.
• SPY RESISTANCE LEVELS AND GAP - YESTERDAY'S POST
  

S&P 500 Futures chart analysis

• ES Hits 200 SMA for four hour time frame
• Twice  this line has helped bears with a correction
• Now for the up move to continue price has to sustain above this level. 1203 will be the next resistance level if price manage to breakout.
• SILVER REFUSING TO CLOSE BELOW 50 DMA
  

SILVER Refusing to close below 50 DMA

• Daily candles are violating 50 SMA But they are not able to close below it.
• Correction can sustain only if price makes a close below 50 SMA

Nifty Futures intraday Update

• Nifty futures moving into resistance zone.
• Further up move will be possible only if price able to sustain above 200 Hour and 50 Hour moving averages.
• This level will be challenging for bulls.

SBI Daily chart analysis

• SBIN Weekly and Daily chart is moving down in a channel.
• Daily chart shows price trending down below 20 day simple moving average.
• Channel in daily chart is hinting the end of this down move. But Fibonacci levels suggest some more pain for bulls.
• Breakout above the daily channel or a close above 20 day moving average may give an up move.

SPY Resistance levels

• GAP and Resistance line may favor bears for a correction. Price may start to correct without filling the gap.
• For bulls price need to break above the GAP and the resistance line.
• GOLD SUPPORT AND RESISTANCE LEVELS