ES Chart update

 

 

• ES 4 hour chart shows price weakness at recent swing high.
• Crucial support levels shown in one hour chart.
• 
  

CRUDE Oil support levels

• Crude oil daily chart shows price pausing near 100 Day SMA.
• 4 Hour cloud is trying to give support.
• previous resistance level at 23.6% Fib level is acting as support.

ES Chart analysis

• ES 4 hour chart shows price trading near resistance zone.
• If price starts to show weakness in smaller time frame then ES is likely to remain in the range shown in 4 Hour chart.

GOLD Below 200 day SMA.

• Gold falls below the crucial 200 Day SMA.
• Weekly chart shows bearish engulfing at weekly cloud. Weekly chart continues to favor bears of Gold.
• Next hope for gold bulls is the approaching golden ratio shown in daily time frame.

FACEBOOK Support levels

• Facebook pausing at confluence of support level. Closing below this zone on closing basis may lead to bigger correction.

ES Resistance lines

• ES one hour and 4 hour charts with possible resistance levels

QQQ Weekend update

 

• QQQ Weekly chart shows weakness after negative divergence.
• More weakness if price starts to trade below 100 Day SMA.