ES Support and resistance levels

• Black support line shown in first chart is crucial. Breaking below it will take ES towards 1340 levels.
• 2nd chart shows the bearish moving average alignment which will continue to favor bears. 
• Things will be tough for bulls as the rally's will find it tough to cross 50 period SMA, The falling resistance line and 200 period SMA.
• GOLD NEAR LONG TERM SUPPORT LINE

GOLD at Long term support line

• Gold testing the long term channel support line.
• Price is sustaining below 50 Week SMA which is good for gold bears.
• Breaking below 1612 will strengthen bears of gold.
• SILVER DESCENDING TRIANGLE AND GOLDEN RATIO

NIFTY Support levels

• Nifty support levels in daily chart.
• 200 Day SMA and Lower Bollinger band may act as crucial support levels. Below this price may fall towards 50% Fibonacci level at 5080.
• A pause or a bullish candle from 200 Day SMA may give a bounce in favor of bulls.
• USDINR CHART UPDATE

S&P 500 Analysis after closing bell

• Last chart shows 50 Hour SMA below 200 Hour SMA. Up moves towards 200 Hour SMA will face selling pressure. 
• Four hour chart shows price taking support near 200 period SMA and near recent swing low of 1357. Breaking below 1357 may target 1340 levels.
• For bulls to regain momentum they should break and trade above 200 Hour SMA.

SILVER Chart Analysis

• Price has broken the support level at 30.98.
• Daily candle closing below this level will add strength for bears of silver.
• Bulls of silver need the golden ratio to be held for a possible up move.

BIDU Bearish Engulfing and 200 Day SMA

• BIDU Falling after a bearish engulfing pattern in weekly chart.
• Price is testing 200 SMA in daily chart. More falls only if this crucial support gets broken on closing basis.

IWM Testing support levels

• IWM Four hour chart testing support levels and 200 period SMA.
• Closing below these levels will strengthen bears of IWM.
• Price closing above 200 period SMA should result in a bounce.