SPY Hour chart analysis

• Like ES spy too is doing a small rising wedge in hourly chart.
• One can expect a correction if spy falls below 131.70 levels.

S&P 500 Futures Before opening bell

• ES Four hour chart is showing a rising wedge pattern.
• Price has given a negative break of the supporting trend line.
• If ES breaks below 1313 and sustains below 1313 bears will extend gains.
• If Price fails to break below 1313 we will see another new High for ES soon.
• DOW JONES RESISTANCE LEVELS
  
  

Nifty Futures intraday update

• The resistance line shown in 5 minutes chart is also a possible neck line of a small inverted head and shoulders pattern.
• If 5309 is taken out by bears then the balance of power will shift towards bears and they will get stronger if day low(5263) breaks again.
• Breaking above the resistance line and closing above this line may confirm a short term bottom for nifty futures.
• RCOM DESCENDING TRIANGLE
  

Nifty Breaks another support level

• 5350 too has gone without any big fight. Bears did it easily.
• The broken level is also the golden ratio. So the next target is the 78.6% level at 5118
• The RSI in weekly chart is slipping below 30% line again. This may give an oversold bounce.
• EURUSD DAILY CHART ANALYSIS
  
  

DOW JONES Resistance level

• Dow Jones monthly chart with Fibonacci levels.
• Fibonacci levels for the fall from 14198 to 6469.
• 12500 is near the 78.6% fib level which may act as the next resistance level.
• SPX SUPPORT AND RESISTANCE LEVELS
  
  

SPX Support and resistance levels

• SPX Hour chart with support and resistance levels.
• 1308 may act as support in case of a correction.
• 1322 - 1323 level is acting as resistance.
• The rising trend line in hour chart is also giving good support for bulls as of now.
• EURUSD DAILY CHART ANALYSIS
  
  
  
  

EURUSD Technical analysis

• Price is approaching the apex of a consolidation pattern in daily chart.
• One can expect good movement out of this pattern.
• Price is trading above 50 day moving average which will favor the bulls of eurusd.
• Important levels in daily chart is 1.3507 and 1.3860