ES Support and Resistance levels

• ES 4 Hour chart near support zone. Below this level ES may test 200 period SMA of 4 Hour time frame.
• Cloud of 4 Hour chart continue to act as resistance.
• CRUDE OIL CHART ANALYSIS

CRUDE Oil Chart analysis

• Price in a range near 200 Day SMA. 
• Bulls must cross the golden ratio for a bigger up move.
• Last chart shows price contraction between resistance and support line which should result in a bigger move soon.

NIFTY Support and Resistance levels

 

• Nifty staying above the cloud will favor bulls to move up. Price falling into the cloud may give a breakdown.
• Weekly candles could not sustain above 100 week SMA.
• Daily chart shows price near support and resistance lines. Price may give a bigger move from this level.

BANK Of America Chart analysis

 

• Bank of America Weekly chart shows price getting resisted near range top at 8.4.
• Next chart is BAC Weekly chart with cloud which shows price unable to breakout above the weekly cloud. For a possible up trend to start price must breakout above the weekly cloud.
• Daily chart shows immediate support at 50 Day SMA. Sustaining above it may avoid a correction and start an up move.
• JPMORGAN CHASE CHART ANALYSIS

JPMorgan Chase chart analysis

• JPM Weekly chart shows resistance at 100 Week SMA.
• Price is doing a bearish flag like consolidation pattern in weekly time frame.
• Last chart shows price closing above 20 Week SMA. Falling below this line should give a correction towards the flag's support line. Price sustaining below 20 Week SMA May also give a flag breakdown  for bears of JPM.
• SPY WEEKEND UPDATE

NIFTY Chart analysis

 

• Nifty Daily chart shows support near 50 Day SMA and the rising support line.
• Fibonacci levels too price bouncing from support levels.
• Weekly chart is seeking support at the cloud. Shooting start pattern of weekly chart continues to look good for bears.
• Last chart shows another month loosing momentum and closing below 5 Month High EMA.
• BANK NIFTY WEEKEND UPDATE

ES Chart update

• ES 4 Hour chart shows support levels.
• Second chart shows sideways movement in four hour chart.
• Daily chart shows bollinger band contraction which should be followed by a trending move soon.
• SPY WEEKEND UPDATE