Falling wedge of QQQ

CHART-II

• Price breakdown below the support line. consolidation near 200 Hour SMA may lead to a bounce. Sustaining below 200 Hour SMA will favor bears.

CHART-I

• QQQ Hour in a falling wedge pattern.
• 2nd chart shows price nearing 200 Hour SMA. For bulls price has to sustain above this level in order to avoid a bigger fall.
• Bullish reversal must trade above the hourly trade for a bigger up move to happen.
• S&P 500 ANALYSIS AFTER CLOSING BELL

NIFTY Weekly chart analysis

• Nifty weekly chart shows crucial support zone between 5135 - 5205 levels. Weekly middle Bollinger band too is at 5130 levels.
• Weekly MACD is getting ready for a sell. For bulls price has to sustain above 5 Week High ema Which is at 5353 levels For avoiding a bigger correction.
• S&P 500 ANALYSIS AFTER CLOSING BELL

S&P 500 Analysis after closing bell

 

• For bulls price need to sustain above 50 Day SMA and the trend line shown in 2nd chart.
• 1370 was the previous resistance level in weekly chart which may act as support now. Bears need a close below this level to extend the fall towards 1350 levels.
• A bullish candle near 50 SMA should help bulls to continue the up trend again.

ES Chart update

FOUR HOUR CHART

• ES one hour chart is falling in a channel. For bulls price has to sustain above the channel and the hourly cloud for a possible up move to happen.
• Four hour chart shows price below 200 Period SMA. Bulls need to breakout above this level for a bigger pullback to happen

AUDUSD Trend update

• Price continue to move down in a channel
• Four hour cloud too acting as stiff resistance. Four hour candle closing above the cloud may give a long trade.
• In daily time frame price is trading below 20 and 200 SMA. Any up move if it has to be a larger one should trade above these two moving averages.
• ES CHART ANALYSIS

S&P 500 Futures chart analysis

• First chart shows Shaded portion which is crucial support level. Now that this level is taken out bulls need to go back above this level to avoid a bigger fall.
• Price also has fallen below 200 Period SMA in four hour time frame.
• Golden ratio shown in four hour chart may give a bounce But price need to stay above 200 Period SMA and the shaded portion for a bigger pullback to happen.
• BANK OF AMERICA WEEKLY UPDATE

Nifty chart Analysis

• 20 Day SMA is near 5300, closing the day below this level would favor bears. Below 20 SMA supports are as shown in hourly charts.
• For bulls a bigger move will unfold once price starts to trade above the daily cloud.
• S&P 500 WEEKEND UPDATE