Dow Jones Futures Resistance line

• Dow Jones Futures 4 hour chart with resistance line and 50 hour moving average.
• The resistance line seems to be too strong to break.
• The index has got support from 50 hour moving average.
• Only a close below the moving average can turn the trend.

S&P 500 Trend line Support

• S&P 500 Daily chart with Trend line.
• The trend line that has given support for the index For sometime may break today.
• If the index closes below the trend line We may see good correction in S&P 500

Nifty Futures Support line

• Nifty futures is trading near support line.
• If the index gets support from here a retest of the recent high's is possible.
• If the support is broken a good correction up to 5400 levels can be seen

Nifty daily chart analysis

CLOSER VIEW OF THE CONSOLIDATION BREAKOUT

• Nifty has closed above 5 day high ema.
• Nifty has also broken a consolidation range and has closed above it.
• If nifty trades above 5477 it should target 5520 first.