S&P 500 Channel Breakout

• S&P 500 four hour chart showing a channel and resistance level breakout.
• Breakout will be valid till the index trades above 1148 level.
• If a dip happens now the past resistance will act as support. So a dip will be a buying opportunity.

APPLE Rises again

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• APPLE yesterday took support at 277.
• Today the stock made a good move and now it is trying to stay above its 50 hour moving average.
• Stock may find resistance in this band of 285 and 290.

S&P 500 Near Resistance Level

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• S&P 500 is trying to stay above 1150. 
• If the index fails to stay above this level again this will be yet another opportunity to go short.
• Price should make an hourly close above 1150 and trade above it convincingly then we can expect 1160 as the first target.
• INTRADAY LIVE CHART FOR S&P 500 WITH EMA
  

Dow Jones futures before opening bell

• Dow Jones futures hour chart with the triangle pattern.
• The index shows two false breakouts happened recently. Yesterday's breakdown also joins the list of false moves.
• Levels to watch out today in the futures index is 10790 on the upside and 10700 on the down side.

Triangle pattern of Nifty Futures

TRIANGLE PATTERN UPDATED

TRIANGLE PATTERN

• chart shows the possible triangle pattern of nifty futures.
• One thing to remember after a breakout from this pattern is the range 6167 - 6246. This range has to break for big movements to happen

Nifty Intraday update

CHART-II

• NF still in the range. Tried to move above 6220 but got resisted.
• We may see one more attempt in the afternoon

CHART-I

• Nifty Futures is showing a range of 6167 - 6246
• The resistance area between this range is around 6210 - 6220 were lots of selling pressure is happening at the moment.
• So breakout above this range may give a small rally towards the upside.

Nifty daily analysis

• First chart shows the second inverted hammer or shooting star formed in the space of 6 days.
• First one gave only a minor correction which was supported by the 5 day low ema as can be seen from the 2nd chart.
• Weakness will be seen only if the index opens and trades below 5 day high ema.
• RELIANCE INDUSTIRES DAILY ANALYSIS
  
  

RELIANCE Industries analysis

• Reliance industries has also given a shooting star or inverted hammer in daily chart.
• Stock has good support at 980 levels and we have the 50 DMA near 980 levels. Resistance is at 1030 levels and we have the 200 DMA there.
• Weekly chart is also showing a descending broadening pattern which looks bearish to me. But If the stock manages to trade above 1045 it will be a breakout and will be positive for the stock. The weekly pattern also has a supporting trend line break of which will give good correction.
• INTRADAY LIVE CHART FOR RELIANCE INDUSTRIES
  

S&P 500 Analysis after closing bell

• S&P 500 Hour chart with 50 hour moving average. Price has closed below this moving average today.
• Price in daily chart has also broken the 10day Ema.

APPLE Climbing down

HOUR CHART

• Apple stock is steadily declining.
• Has taken support at 277 today.
• Breaking 277 will be another step down and the next crucial support is at 274.
• If 277 continues to give support an up move towards 281 can be seen.
• INTRADAY LIVE CHART FOR APPLE WITH EMA
  

S&P 500 : Head and Shoulders pattern

• A possible head and shoulders pattern with price taking support at its neck line at 1127. Break of the neckline will be negative for the bulls .
• If neckline continues to give support an up move towards 1134 can be seen.
• INTRADAY LIVE CHART FOR S&P 500 WITH EMA