S&P 500 Futures Analysis

• ES Four hour chart has broken above 50 period SMA.
• Next level to watch out are 61.8% Fib level and the 200 Period SMA of four hour time frame.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

Nifty intraday Update

• For bears price should break below the 50 Hour moving average and the trend line in hourly chart.

GOLD Analysis

• Gold daily is consolidating in  a triangle pattern. Right now price is doing a corrective up move towards the resistance line of the triangle pattern. Clear up or down move will emerge only once price gets out of this triangle pattern. 
• see MCX Gold chart below this post.

NIFTY Analysis

• If the recent low is not broken we might see this up move extending towards the resistance line of the channel. That is how price has behaved in this channel so far, so the cycle may get repeated again. But a word of caution for bulls is that price has not hit the channel bottom yet.
• If it is going to be a corrective up move dips will be opportunities to buy as long as price does not retrace too much. Price Closing above 5 Day High EMA and Week Low EMA will help bulls.
• S&P 500 EOD UPDATE
  

S&P 500 Analysis after closing bell

• Daily chart shows price taking support at the golden ratio.
• 50 SMA and the broken support levels may act as resistance levels. Closing above 50 Day SMA will strengthen bulls.
• Hour chart shows a possible IHNS pattern getting formed with neck line at 1198.50. Breakout can take SPX towards 1215-1220 resistance band. 
• CRUDE OIL ANALYSIS
  

CRUDE OIL Analysis

• Crude oil Daily chart is shown with a consolidation pattern after an up move. So this can be a bullish consolidation pattern. But it is also shaping like a Descending Triangle which is bearish. With the bearish weekly candle at the top short term can be negative for crude oil.
• Important support level is between 94 - 95. Breaking and daily candle closing below this level may lead to a bigger correction. Bears need four hour time frame to sustain below the cloud which may result in a fall.
• SPX BOUNCES FROM GOLDEN RATIO
  

S&P 500 Bounces from Golden ratio

• SPX Daily is reversing from golden ratio Indicators too were in oversold territory.
• If price sustains above 1185 - 1190 levels it may target 1215 - 1220 levels in the coming days.