- ES Daily chart with ichimoku cloud shows a cloud breakout. Bulls need a bullish candle to confirm the breakout.
- Next chart also shows the potential resistance lines for bears.
- Last chart shows the hourly time frame with the ascending triangle pattern.
- S&P 500 ANALYSIS AFTER CLOSE
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- TCS has closed below 200 Day SMA.
- Daily chart is also showing a range breakdown. Range was for 92 points so we can expect a similar move to the down side if price sustains below 200 SMA.
- Weekly chart with up trend line may save bulls from a bigger fall.
- NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH
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- SPX Yet to cross the crucial resistance band of 1422 - 1426 level as shown in first chart.
- Daily chart also near Golden ratio.
- Price managed to close above 50 SMA But price action does not look convincing for bulls yet.
- Crude oil Daily chart shows support at 85.40 and 84.05
- 50 and 200 Day SMA continues to act as resistance levels along with Daily Ichimoki cloud.
- COPPER Shorter time frames are trending up.
- Daily time frame has broken above a resistance line.
- Sustaining above the daily resistance line should take copper towards the resistance line of the weekly triangle shown in last chart.
- SPY WEEKEND UPDATE
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- Last chart shows a failed breakout from the weekly triangle pattern which is not good for bulls. If price breaks the the support level of 5959 we could see bigger falls in CNX IT.
- TCS CHART ANALYSIS
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