APPLE Climbing down

• Apple Hour chart, The stock is steadily climbing down.
• Today it broke the support at 285. Now there is an up move happening from 282 to 285.
• 285 will act as resistance for now.

S&P 500 Weekly chart analysis

• The weekly chart looks bearish after today's false breakout.
  
• A bearish weekly candle in the making after 4 positive ones.
• It seems 1150 is not going to be broken in a hurry unless some great news comes out.

S&P 500 BREAKOUT

CHART-III

• Could not sustain above 1150 the breakout has failed

CHART-II

• The breakout shown in the below chart should sustain above 1150 otherwise this will be a failed breakout.
• Another attempt with good volume may do it for the bulls. If the volumes are low it's not going to sustain above 1150.

CHART-I

• S&P 500 Futures has broken out of the triangle pattern
• Index has also given a breakout above 1150.
• Bears would be hoping for a false breakout which may happen if the index starts to trade below 1150 again.
• First target for this breakout would be 1160 provided this is not a false breakout.

S&P 500 futures before opening bell

CHART-II

• S&P 500 Futures breaks out of the triangle and the spot breaks 1150 resistance

CHART-I

• S&P 500 Futures Hour chart is trading in a triangle. Price is approaching the apex of the pattern. The current price action seems to be favouring bulls.
• If the Triangle breaks out on the upside S&P 500 Spot may breakout above 1150 resistance.

CRUDE OIL

CHART-II

• Crude hits $80 as discussed below. And it also hits the resistance line of the Triangle.
• Up move from here is possible only if the weekly triangle breaks.

CHART - I

• Crude Oil weekly chart in a triangle pattern.
• Right now it is rallying to the resistance line of the triangle.
• A possible target of 80$ for the current up move. At around 80$ Crude will hit the resistance line of the Triangle.
• For further up move Crude should breakout of the triangle

The making of a Head and shoulders

• A possible head and shoulders pattern shown in Nifty futures hour chart.
• One thing to note, this is an assumption. This is possible only if NF rallies up to 6020 - 6030 levels, Finds resistance there. Then a sell off to break 5966. So everything has to work picture perfect if this is to come true.
• I am just showing a possibility. If Price action obliges this pattern will be shown on our trading screen then only one has to take action.

Nifty futures support line

• Bears will be hoping for a close below 5956 so that this support area becomes a resistance.
• Bulls will defend 5956 so that they can scale 6000 again.