- Tesla daily chart shows price testing the crucial rising support lines. 50 Day SMA is getting tested after a long gap. Both Lower bollinger band and 50 Day SMA is trying to stop a bigger fall from happening. A Daily close below these levels may extend the fall.
- DOW JONES Analysis after closing bell
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- First chart shows Dow Jones Weekly chart testing the bottom of the range.
- 2nd chart shows price testing the crucial 200 Day SMA. Last chart shows price closing back above 14760 level after an intraday violation of the crucial support level. Bears need a daily close below these two levels to extend gains.
- Crude oil 4 hour chart shows price in a range between 101 - 104. Daily chart shows price below 100 Day SMA. Range must resolve for a bigger move to happen. price has broken crucial levels in daily chart so a downside breakout from the range may favor Crude oil bears for a bigger down move.
- ES Fib chart shows price breaking support levels consistently. Next in line is the 78.6% Fib level. Daily chart shows price below the cloud which is also bad for ES bulls. Last chart shows price breaking crucial moving averages again. If price sustains below 100 SMA this time it may slip down to the 200 Day SMA.
- DOW JONES Near 200 Day SMA
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- QQQ Testing crucial support zone near 77.08 - 77.27. This is also near the 50 Day SMA and 23.6% fib area. Price has to sustain below this level for extending gains for QQQ bears.
- DOW JONES Near 200 Day SMA
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- SBI is testing crucial support at 1596. Breaking below this level on closing basis may target the recent lows of this stock.
- Dow Jones has closed below the slopping support line as shown in first chart. Price is trading closer to the swing low of 14760. Price is also trading closer to 200 Day SMA. Bears would like to see a close below 14760 and 200 SMA tomorrow for a bigger fall to follow.
- ES VIOLATES SUPPORT LEVELS
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