November 9, 2016

S&P 500 Futures Falls as Trump Leads


  • If the lead stay as it is the fall continues.
  • 50 Week SMA is getting tested again. Bears need to stay below this line for a bigger fall to follow.
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November 7, 2016

GOLD 4 Hour chart analysis


  • Gold 4 hour charts shows price testing crucial support resistance zone. Looks like a topish formation in 4 hour chart But this can change if the support levels discussed is not broken convincingly.
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November 6, 2016

S&P 500 The MACD Divergence and 50 SMA

  • ES Month chart shows fall After MACD Negative divergence. This can extend if the 50 Week SMA is not held. But everything is happening above trend line from 665 levels or year 2009 lows. For a bigger correction this bullish structure must break.
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November 4, 2016

CRUDE Oil trend update

  • Hourly cloud shows price trending below it from 50 levels. Now price is approaching the 200 Day SMA. More weakness if this level is not held.
  • Weekly chart earlier got rejected at the 50 , 51 , 52 zone. A Bigger bullish pattern is stopped for now.
  • S&P 500 Analysis after closing bell
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S&P 500 Futures Analysis after closing bell


  • Weekly chart shows weakness as price falls back into the Multi Week 300 point range.
  • Daily chart shows price testing 200 Day SMA. Last fall below this line did not give bigger gains. Bears are hopeful this time.
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November 1, 2016

CRUDE Oil Trend update


  • The 15 Minutes chart continues to trend. cloud of this time frame acting as resistance so far. This may change if the 100 Day SMA decides to act as support. If price moves above 15 Minute cloud from the current levels an up move is possible. On the contrary a close below 100 SMA means a fall towards the Rising support line of weekly chart.
  • The overall pattern will remain bullish till price stay above the rising support line of weekly chart.
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October 31, 2016

S&P 500 Futures testing support zone

  • ES 4 hour daily and Weekly chart testing the support zone between 2100 and 2120 zone. For bears to have an advantage this has to be broken, Staying above this level will keep the bulls hopeful of another big up move.
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