NIFTY Analysis

• Nifty is closer to its week low EMA and 50 Day Moving average which are likely to act as support levels in case they get tested.
• MACD has given a sell signal, Stochastic too is moving down. But the all important 50 SMA is not yet taken out.

ES Fibonacci levels

CHART-II

• Break below 38.2% gave 50% level. Hour is oversold so price may give an up move from here or from 61.8%(Golden Ratio). 
• Bounce from these levels will have to trade above 50 Hour SMA for bigger gains to happen.

CHART-I

• For bears ES should close an hour below 38.2% Fib level
• 50 Hour SMA too is acting as support as of now.
• Holding this level bulls may try an up move towards the resistance line of the triangle.
• Breaking this level will favor bears.
• GBPUSD SUPPORT LINE
  

S&P 500 Futures Analysis

• One hour chart shows price near 50 Hour SMA which should save bulls from a deeper correction.
• Four hour chart shows price nearing the middle portion of the triangle pattern.
• If a turnaround has to happen it should happen from 50 Hour SMA.
• S&P 500 TRIANGLE UPDATE
  
• GBPUSD SUPPORT LINE
  

S&P 500 Futures Triangle update

• ES Four hour at the resistance line of a triangle pattern.
• Risk reward ratio favors a short trade.

NIFTY Triangle pattern

CHART-II

• Bears are testing the support line of the triangle.
• Nifty closing below 5140 - 5145 level will favor bears. Anything above that may give opportunity for bulls.
• S&P 500 FUTURES CHART UPDATED
  

CHART-I

• Nifty four hour chart is showing a possible triangle pattern
• price is right in the middle of the triangle with bullish and bearish possibilities.
• Similar Triangle in S&P 500 Futures chart shows price testing the resistance line, will update the chart later.

NIFTY Analysis

• Important resistance level for nifty in weekly chart is 5336 level which is the 38.2% Fib level.
• Support is near 5140 level.
• Daily stochastic and MACD are looking weak. Up move from here may give negative divergence which can be used for safer short entries. 

Golden Cross of CISCO

• Golden cross has happened in daily chart. Price is also staying above the weekly resistance line. 
• Price is nearing stiff resistance zone between 19.07 - 20.62 level. MACD Histogram is showing some negative divergence which might result in a pull back.
• SPY INDICATOR STATUS
  
• GBPUSD WEEKEND UPDATE