Crude Oil chart update

• Crude oil bounce was short lived. One hour chart shows price getting resisted at 200 Hour SMA.
• Month chart shows price moving towards the next swing low which was made back in 2003. 

APPLE Trend update

• Apple Month chart shows price falling towards the rising support line. For the current month candle the line near 84 levels approximately.
• Weekly chart with Fib levels shows price at 50% retrace level. Close below this level may take price towards the golden ratio which is near the Monthly rising support line. So its crucial for Apple bulls to defend 50% Fib level.
• Hourly chart with Ichimoku cloud shows a trending move. Bears need to sustain below the cloud to extend gains.
• ES WEEKLY CHART ANALYSIS

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S&P 500 Futures Weekly chart analysis

• ES weekly chart with the topish pattern and possible targets if price stays below 1840 levels. For now a bounce likely if price stays above the support line of the bearish pattern.

ES Trend update

 

• 4 Hour chart shows  a bearish ladder. Price continues to make new lows. But now price is testing a crucial support zone between 1860 - 1870. Bears must close below the support zone in daily time frame to extend the fall. Decent bounce likely if price holds on to this level.
• S&P 500 MONTHLY BEARISH CROSS

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CRUDE Oil Weekend update

• Crude oil month chart shows price moving below crucial support and resistance zone between 32 and 40.
• Crucial Lows made between the Year 2000 and Now are 10, 16 and 24 as shown in chart 2.
• Structure of price continues to favour bears of crude oil as shown in Daily time frame.
• One hour chart too favours bears as price stays below Hourly cloud.
• S&P 500 MONTHLY BEARISH CROSS

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Nifty weekend update

• Nifty Month chart shows price correction above a bullish Trend line. Price for now is in a bearish channel. If price stay within this channel it should test the rising trend line, Depending on the speed of the fall price may hit 7100 levels or lower. To avoid this bulls should do a channel breakout.
• Weekly chart continues to break below swing lows. Staying below 7500 levels will continue to favour bears.
• In the very short term bears need to stay below Hourly cloud to keep the short term trend intact.
• S&P 500 MONTHLY BEARISH CROSS

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S&P 500 Monthly Bearish Crossover

• Moving average crossovers in Month Time frame has given good results for bulls and bears as shown 1st chart. Month time frame is getting ready for a Bearish Crossover. 
• Second chart shows crucial support zone around 1880, Bears will remain strong below this zone.
• One hour chart shows price in a trending phase below the cloud.

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