S&P 500 Futures Support levels

• Price nearing an important support line of a bearish pattern.
• Breakdown below the support line should also takeout 100 Day SMA on closing basis for a bigger fall to happen.
• Unable to break 100 Day SMA should result in a long trade.
• INTEL RISING WEDGE AND NEGATIVE DIVERGENCE

Reliance chart analysis

• Crucial support for reliance are 718 and 687.
• Price is trading below all major moving averages.
• Weekly stochastic is yet to bottom out. Price if mange to sustain above 20 Week SMA we may see a turnaround.
• Stock will be weak below 718.
• For short term bulls price need to close above 20 day SMA.
• NIFTY WEEKLY UPDATE

Nifty Weekly Analysis

• Closing below the middle bollinger band or 20 Day SMA may trigger a sell.
• For bulls its the 50 Day SMA, Bulls also need to stay above the falling resistance line to avoid a bigger correction.
• Weekly chart shows bullish engulfing pattern which needs confirmation. Increasing volume and closing above 5 week High EMA should confirm bullish momentum.
• 5180 level is shown as a price pivot zone. price has visited this place many times, For now nifty is unable to move away from this zone. Bulls or bears if manage to cross important levels we may see a bigger move away from this zone.

INTEL Rising Wedge and Negative Divergence

• INTEL Weekly chart shown with a rising wedge pattern.
• Weekly MACD also shown negative divergence.
• Bears of Intel need a close below 50 Day SMA for a bigger correction to unfold. 
• APPLE WEEKEND UPDATE

QQQ Support levels

• QQQ Near 50 day SMA and 23.6% Fib level. closing below these levels will add strength for bears.
• Crossing 67 level may give a rally in favor of bulls.
• APPLE WEEKEND UPDATE

APPLE Weekend update

• Day of Apple closed near 50 Day SMA. Price is yet to test the Daily Ichimoku cloud as seen in the 2nd chart.
• Weekly chart shows a bearish candle with one of the highest volume in recent times.
• Price has fallen from 644 to 570 levels and the Weekly MACD sell signal is yet to come. If bears get a sell signal then things will be bad for Apple Bulls. It's only a possible scenario and let 50 Day SMA or the Daily cloud save Apple bulls from a bigger fall.
• APPLE TREND UPDATE
• S&P 500ANALYSIS AFTER CLOSING BELL

S&P 500 Analysis after closing bell

• Daily chart has closed below both 20 and 50 day SMA. But price remained inside the bearish flag. 
• 2nd chart shows price consolidation above daily ichimoku Cloud. Price yet to test the cloud.
• One hour chart shows 50 Hour SMA below 200 Hour SMA a potential bearish setup But price need to confirm by breaking the support levels mentioned in the chart.
• APPLE TREND UPDATE