ES Testing 200 Hour moving average

YESTERDAY'S POST BEFORE BREAKDOWN

• ES has broken down from the triangle pattern and is not testing the 200 Hour moving average.
• Price staying below 200 Hour moving average will turn things in favor of bears completely.
• Getting support here may give an Up move for ES .
• BULL FLAG OF GOLD

NIFTY Technical Analysis

• We saw a double bearish engulfing yesterday But price remains inside the range. Going up and down in between 50 and 200 DMA. 
• Price closing below 5 Day Low Ema is being used as a buying opportunity because of the range. So one can wait till price breaks 50 Day Moving Average.
• Range 5496 - 5740
• Day Low EMA @ 5570
• 50 DMA @ 5515
• FLAG OF GOLD
  

SPY Rising wedge updated

CHART-II (UPDATED)

• Hour chart has a GAP between 130.65 - 131.32.
• Price fading the GAP and closing below it may take SPY to 129.63. GAP may act as support too.

CHART-I

• Price in 30 Minutes time frame is staying below 50 Period moving average which is encouraging for bears.
• Price has given a breakdown from rising wedge in favor of bears.
• Now breaking yesterday's low may extend profit for bears.

AAPL Trend Update

• AAPL Sailing smooth above the cloud.
• Price yet to challenge 50 Hour moving average after 330 levels.
• MACD is showing some exhaustion in price But this has to be confirmed by price by breaking the short term trend lines.

FLAG of GOLD

CHART-II (UPDATED)

• Hourly Bull flag gives gold yet another all time high as discussed below.

CHART-I

• This is a bull flag and mostly breaks on the upside.
• If there is no false breakout this one should give new high's for Gold

ES Triangle pattern

• ES Hour in a triangle pattern.
• If there is not false breakout price can move up to 25 points towards the side of the breakout.
• Breakdown will accelerate only if price breaks 200 Hour moving average.
• Price sustaining above 50 Hour moving average will favor bulls.
• ASCENDING TRIANGLE OF DOW JONES
  

Nifty Testing 200 Hour Moving average

• Nifty hour is near its 200 Hour moving average.
• Last two attempts to break this moving average has failed.
• Now if day closes below 200 Hour moving average we may be seeing a trend changing event.
• Day is not closed yet but chances of today's candle engulfing two bullish candles are there. Bull closing day above 5610 may give some hope for them.
• Volume analysis too favors bears for now.