ES Ichimoku cloud update

• ES has fallen below all three major time frames - Daily, Four hour and one hour charts.

S&P 500 Support levels

• SPX Four hour chart with 1377 - 1378 as possible support.
• Four hour chart also shows 200 period SMA near this level.
• one hour candles closing below this level will add to the bearishness. 
• Bounce from this level may take spx above 1385 levels again.

S&P 500 Futures chart analysis

• ES One hour chart is trading below 50 and 200 Hour SMA.
• Last chart is the four hour time frame which shows price below crucial support resistance level and getting resisted at 200 period SMA.
• Price sustaining below 50% Fib level will push price down towards the Golden ratio.

USDINR Negative Divergence

• USDINR Weekly chart is showing negative divergence with MACD indicator.
• Without correction in price divergence will not be useful.
• Price has to trade below 20 SMA for possible weakness. 
• Up trend will be safe above the daily cloud.

CRUDE OIL Chart update

• Price has violated the rising support line shown in an earlier post.
• 100.68 is the next crucial support. Trading below it may take Crude oil towards the 38.2% Fibonacci level.
• Weekly chart is showing price below the middle bollinger band. A Weekly close below this level will  favor the bears of Crude oil for the coming week.

NIFTY Daily chart update

• Nifty below 200 Day SMA.
• Price testing 50% Fibonacci level. More damage on breaking and closing below 50% Fibonacci level.
• Daily close below 200 SMA will strengthen bears.

NIFTY Intraday chart updated

CHART-II

• Price sustaining below 5135 will favor bears to extend the fall.
• Weekly and daily close below 5135 will strengthen  bears.  For bulls an intraday up move to close above 5150 levels may save them from  bigger fall.

CHART-I

• One hour chart shows price near the falling support line.
• Four hour chart shows price below the cloud and near the crucial low of 5135. For a trending down move to happen nifty must sustain below 5135.