GOLD Breaks 50 Day SMA

• GOLD Breaks below 50 day sma.
• Price may move towards 1700 levels.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Fibonacci level

• 50% Retrace for the move from 4720 to 5168 comes at 4944
• Price has taken support near 4910 level before, so this lecel may stop the fall.
• So if price takes a reversal from here we may see a turnaround.
• Breaking below 4900 will cause more pain for bulls.

S&P 500 Futures hit the support line

• ES Hits an important support line
• If there is going to be a turnaround it has to be now.
• Break of this line means more pain for bulls.
• Next possible support is at 1123 levels.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Analysis

• Price is getting resisted at Week high ema.
• Day Low EMA may act as support.
• Weekly chart is putting up a continuation pattern as shown in last chart. Breaking below the support line will favor bears for an extended correction.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

S&P 500 Analysis after closing bell

• Yesterday's shooting star formation was a warning for bulls. 
• Bearish candlestick has given good reaction from 50 day moving average.
• Price has now closed below 20 day moving average.
• Price will now target the support line of this range. If that holds bulls may get an up move. otherwise it will be an extended down move this time.
• AAPL NEGATIVE DIVERGENCE
  

APPLE Negative Divergence

• AAPL Four hour chart with MACD indicator.
• Price and MACD is starting to diverge. 
• Price confirmation is yet to come. This time frame shows a bearish candlestick formation But price has to confirm by breaking 411 and 407 levels.

SPY Near 50 Hour moving average

CHART-II

CHART-I

• Price approaching 50 Hour moving average.
• Breaking and closing below this level will take spy towards lower end of  the range.
• Getting support here may result in a bounce