S&P 500 Inverse head and shoulders

• 15 minutes SPX is showing an inverse h/s possibility.
• With neck line around 1048.
• Break out can give 1055 and more.

S&P 500 Triangle in fifteen minutes chart

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• S&P 500 is forming a consolidation pattern in 15 minutes chart.
• break out on the upside can give target of 1050.
• The formation is a triangle so beware of false break outs.

Positive divergence of S&P 500

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• Positive divergence in moving average oscillator is clearly visible here.
• A pull back towards 1050 - 1055 levels cannot be ruled out.
• Break of 1045 could lead to 1050 and 1055 levels.

EUR/USD Hour chart reversal attempt

EUR/USD HOUR CHART

• EUR/USD is making a reversal attempt in hour chart.
• The pair has to close above the cloud for confirming the bullishness
• If it succeeds in its attempt of  a short term reversal it will be good for equity markets.

Nifty Futures trend line in hour chart

• Close above the trend line would be very positive for nifty.

Triangle breakout in nifty futures

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• Triangle formation in nifty futures hourly chart.
• I feel if the positional bull in nifty is to survive this pattern breakout should be a failed one.
• As long as the price does not close above the bottom line of the triangle the bears will stay alive for the next down move.
• when the entire world is in pain it is odd for the nifty to be resilient like this.
• I think this is a bull trap.

Nifty Futures with half hour chart

NIFTY FUTURES HALF HOUR CHART

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• The chart is marked with support and resistance lines in 30 minutes chart.
• It also shows a possible break out point.
• Today will be a gap down because of the global market situation.
• I am expecting this down move to be stopped at the bottom support line