ES Chart update

• ES 4 Hour chart shows price violating crucial support levels.
• chart 2 and 3 shows price testing 23.6% Fib level and nearing 100 Period SMA. Price must break below these two levels on closing basis for a bigger fall to happen.

TATA Motors chart analysis

• Tata Motors daily chart shows a broadening pattern.
• Weekly chart is trading near resistance line. Price yet to confirm any weakness and Weekly indicators yet to show a sell signal. So one has to wait to confirm weakness before going short.
• stock trading above 405 - 410 zone on closing basis may negate the above bearish view.
• GOLD Trend update

Dow Jones analysis after closing bell

• Yesterday's daily candle looks more bearish with today's price action, Needs price to close below 20 Day SMA for a bigger fall to happen.
• Weekly chart need a close below 16000 levels for a bearish weekly formation to form.
• Weekly chart with RSI and price has been showing negative divergence for quite some time without showing results.
• GOLD Trend update

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SILVER Chart update

 

• Weekly chart of silver shows price continues to be in a strong down trend and price likely to test the recent swing low at 18 levels again.
• 4 Hour chart too  continues to give new lows. Attempted up move was halted at 4 hour cloud. No turnaround possible until price stays below the cloud.
• GOLD Trend update

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GOLD Trend update

• Gold 4 hour chart shows price making another low. 4 Hour cloud is acting as stiff resistance.
• Daily chart has violated 78.6% Fib level. Daily close below 78.6% Fib level will strengthen gold bears further.

ES Chart analysis

• ES one hour is trading below 100 Hour SMA.
• 4 Hour charts are approaching crucial support lines as shown in second chart. 
• The 4 hour cloud may also act as strong support level. Support levels in 4 hour time frame must break for a bigger fall to happen.
• APPLE Weekend update

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TESLA Motors Weekend update

• Tesla motors nearing confluence of support levels.
• Daily chart nearing 200 Day SMA. Weekly chart shows a  pause near Lower Bollinger band and 50% retrace level. If these levels are held and a move above 133.3 can happen on closing basis a bigger bounce is possible. On the contrary a break below 114.2 level on closing basis may extend the current down trend further.
• APPLE Weekend update

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