- SPX Daily MACD has given a bullish cross. Recent signals of MACD in daily time frame has worked well.
- Today's up move was stopped by 50 Day SMA. For bulls need a close above this level for a bigger up move to happen.
- Weekly chart looks good for bulls as price managed to hold above the rising support line. Strength for the coming week above 1664-1669 levels. Bearish on falling below 1628 levels.
- Crude oil 4 hour chart shows price trading above the crucial resistance zone near 108. Next resistance level is at 112.21 levels.
- Fibonacci levels shows price near 78.6% Fib level. If this level fails to stop crude oil bulls then 112 levels are possible.
- Weekly candle is trying to make a bullish close above 110.54.
- ES 4 Hour chart shows price near multiple resistance levels.
- Bank Nifty closed above 20 Day SMA and 5 Day High EMA after a long while.
- Daily chart is testing 38.2% Fib level. Sustaining above 38.2% Fib level price is likely to target the 5 Week High EMA and the Upper Bollinger band.
- S&P 500 EOD Update
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- SPX Daily chart shows resistance at 20 Day SMA.
- 38.2% Fib level too is acting as resistance.
- Above levels may not mean much if the weekly rising support line is not broken soon. Holding above the support line price is likely to move up.
- Gold daily chart shows weakness.
- Confluence of support around 1330 - 1340 zone may avoid a bigger fall in gold.
- Breaking below this zone on closing basis may change the bullish structure of short term charts.
- 4 Hour chart shows price testing crucial 38.2% Fib level
- One hour chart shows a bullish cross with 50 and 200 Hour sma.
- Hour in a small trading range. Bullishness will be intact as long as price stays above 50 and 200 Hour SMA.
