ES Chart analysis before opening bell

• 30 Minutes trend has snapped.
• 60 Minutes cloud base is giving support for now. For bears the cloud base must break for bigger gains to follow.
• Daily time frame is looking good so far for bears. Day need to close like this to confirm weakness. 

-->

ES Chart analysis after closing bell

• Daily candle with its upper shadow is showing some weakness But the trend in 30 Minutes and one hour is yet to snap. Bigger gains for bears only if the trend supporting cloud and moving average gets broken. 

-->

NIFTY Weekly Chart Analysis

• Nifty broke through the ceiling once again and is likely to make another swing high in one or 2 weeks time.
• MACD Shows triple negative divergence.
• If the resistance line drawn in last chart works the negative divergence can start working. One has to note this is a likely scenario against the prevailing strong up trend.

-->

CRUDE Oil Week and Month Chart analysis

• Crude oil week nearing previous resistance zone around 63 levels.
• Month chart shows the falling resistance line from 147 levels. If crude bulls manage to stay above 63 levels then the Up move may extend towards the Falling resistance line. But this may take some more months to materialise. 

ES 30 Minutes and One hour charts

• ES 30 Minutes chart continues to favour bulls.
• Price needs to close below the cloud in this time frame to confirm weakness.
• Bears are seeing price falling below Middle bollinger band in One hour time frame. Staying below this line may lead to bigger weakness.

-->

GOLD Trend update

• Gold week shows higher high's
• Month has a Bullish Ascending triangle pattern.
• Target for the current up move is around 1370 levels.
• Price may take some more months to resolve from this pattern. Pattern mostly favours bulls.

-->

IWM Month Staying on the Wrong side

• One of the readers sent me a query on the Rising wedge of IWM in the month time frame.
• Although it has been 3 Months outside the pattern this can still become a False breakout. Bears doesn't want to see new high's though. False breakout on this time frame can only be confirmed on price breaking below 143 levels.