SPY Support and resistance levels

• SPY got support near 120.67 which was yesterday's low point.
• Resistance is seen at 122.
• There are two partially filled GAP's in the chart.
• Break of 120.67 may fill the GAP which is below the price.  If gap above gets filled price may find it tough to cross 122.
• DOW JONES ANALYSIS AFTER CLOSING BELL
  
  

Dow Jones near support area

• 11247 area may give support for the index.
• Below 11247 level the black dotted trend line may give support.
• Break and close below the trend line may weaken this up trend.

Nifty Futures Intraday update

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CHART-III

• Broken support has given good correction.

CHART-II

• NF is getting support near 6265 area but strength will be seen only if it trades above 6290 and the black dotted line.
• Break of 6257 - 6265 area will be negative for the bulls

CHART-I

• Nifty Futures is showing support between 6257 - 6265.
• But if price sustains below this level then we can see good correction

Nifty daily analysis

• Nifty daily chart with trend lines that can support the index in case of a fall.
• Another set up that i want to share is that of nifty the cloud and the 50 DMA. 
• As shown in the second chart last time when these three came together nifty got good support.
• On the contrary a breakdown below these supports can change the trend in daily chart too.
• DOW JONES ANALYSIS AFTER CLOSING BELL
  
  

Dow Jones analysis after closing bell

DOW JONES DAILY CHART

DOW JONES WEEKLY CHART

• Dow Jones daily candles shows good selling which was followed by equally strong buying.
• Index took support just above the previous resistance of 11247. 
• Price closed near the high of the day. The momentum may give some more upside from here.
• 2nd chart shows the weekly chart with Fib levels for the high of 14198 to the low 6469. Price broke above 61.8% Fib ratio last week. This area has given support today. So this place has multiple support and may be hard to break.

S&P 500 Fibonacci levels

• SPX hour chart with Fibonacci levels.
• Bulls  shoud trade above 61.8% Fibonacci level for continuing this up trend.