S&P 500 Support zone

• S&P 500 has immediate support around 1088-1095 region.
• An hourly close below this region can change the hourly trend completely.

S&P 500 Flag pattern in hour chart

UPDATED CHART

• Flag gives a short trade .
• Hourly close below 1095 can bring 1088 in the short term

• A bullish flag in S&P 500 index.
• If this pattern does a bullish break out it should take out the recent high of 1131.
• If price falls below 1100 the pattern will be invalid.
• DOW JONES TRIANGLE PATTERN
  
  
  
  
  

Nifty futures hour chart update

• Nifty futures hour chart with support and resistance lines.
• Nifty futures has broken an important trend line in hour chart. and price is making its way up for a retest of the broken line.
• According to the above chart a retest of 5430 is possible before nifty goes down again.

Nifty daily chart analysis

• Nifty has broken the raising wedge.
• Price did not close below 5 day low ema, but came down below it briefly to close above it.
• Price is still above 20 SMA. 
• Nifty has broken an important trend line in daily chart. But as shown in the last chart there is still hope left for the bulls above 5350.
• DOW JONES TRIANGLE IN 15 MINUTES CHART