Stock Market Chart Analysis

September 18, 2012

EURUSD Weekly chart shows price near weekly resistance line from 1.45 through 1.41.
Price is showing weakness near weekly cloud.
Last week candle has closed above 50 Week SMA So for bigger falls price must break below 50 Week SMA.
ES CHART ANALYSIS

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ES One hour chart moving in a channel towards the up trend line shown in first chart.
It's corrective down move so Hour closing above the channel may give good up move.
Price is near 100 Hour SMA.

Nifty is testing the Golden ratio and price near previous high in weekly chart. Bears need a bearish candle at this level for the overbought indicators to be effective.
Correction if limited to the red support line shown in second chart would still be bullish as that would give an ascending triangle pattern.
Last chart shows a bullish projection, a rounding bottom, The path drawn may not be the same i have just mirrored the path on the left hand side But holding above 5170 - 5200 levels this pattern is likely to play out.

ES Four hour chart shown with Fibonacci levels with price testing 23.6% Support level.
Price is moving in a range towards the up trend line before a bigger move could happen.
Last chart is the daily time frame with up trend lines. No weakness till price holds above the Green trend line.

Crude oil Four hour chart shown with crucial support level near 93.95 - 94.10
4 Hour chart 200 period SMA giving support.
More correction if 50 day SMA gets broken. Unable to break below 50 SMA will favor crude oil bulls. Bulls strong above 97 - 98 level.

Citigroup Daily chart shows weakness near 78.6% Fib level
One hour chart shows price above the up trend line. Breaking below this line will confirm weakness in hour chart.
Up trend is safe above the one hour cloud.
FORD MOTOR WEEKLY BUY SIGNAL

ES Four hour chart with the up trend line.
Price falling below 50 Hour SMA may give a correction towards the Up trend line drawn in first chart.
FACEBOOK RESISTANCE LEVELS

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