SPX Fibonacci levels

• Today's GAP in SPX is yet to fill completely.
• If the correction continues price may test the 23.6 Fibonacci level.
• Price and MACD is showing negative divergence.
• If price continues to sustain above today's GAP it will favor bulls.

SPY Five minutes chart update

• SPY is filling the morning gap.
• Break of 123.30 will fill this gap completely.
• 123.03 level may give support and an intraday bounce may happen from there.
• Break of 124.01 will extend this rally.

S&P 500 Futures Before opening bell

• ES gave a triangle breakout today.
• Price went up till 1234 level and is forming a bull flag now.
• Price is forming a small range between 1231 to 1234.
• Break above 1234 will continue the upward momentum. Break below 1231 will be a buying opportunity as long as price maintains above 1224. Breaking below 1224 will be negative.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

Reliance Industries chart analysis

• Reliance Industries if closes above 5 day high ema will keep the upward momentum intact.
• Stock has lots of hurdles to cross from 1010 level to 1050 level.
• 50 DMA, 100 DMA and 200 DMA is situated between 1010 to 1050 level.
• Closing above 1045 can give good upward momentum for the stock.
• Third chart shows stock taking support at 78.6% level. Broken level of 38.2% at 1045 will act as resistance now.

Nifty Daily Analysis

• 50 DMA acted as strong resistance yesterday.
• It was one more day of trying to close above 50% Fib level which got failed.
• Nifty closed below 5 day high ema.
• Closed below 20 DMA as well.
• Unless the above mentioned levels are crossed with good volumes nifty may not move ahead.
• The weekly chart with the hidden trend line that is acting as resistance.
• CRUDE OIL RESISTANCE AND SUPPORT LEVELS
  
• S&P 500 ANALYSIS AFTER CLOSING BELL

S&P 500 Analysis after closing bell

• Weakness is yet to be seen in hour chart.
• Price is trading above 20 and 50 hour moving averages.
• Daily chart has given a spinning top candlestick. This shows indecision among buyers and sellers. According to the pattern if the candlestick's color is against the prevailing trend we may see a reversal. This candlestick needs price confirmation.
• SPY TRIANGLE PATTERN
  
  

Crude oil Fibonacci levels

• Crude oil is trading near its 50% Fibonacci Retrace level of its fall from 147 to 33 levels.
• Crude oil is trading near the resistance line in weekly chart. A dip below 87 will be negative and can take crude to 83 levels.
• Up move will be possible only on a breakout from this pattern and the 50% Fib level at 90.54.

SPY Five minutes chart

CHART-II

• Triangle gave an upside breakout and went up till the range top at 123.03 and got resisted there.

CHART-I

• SPY 5 Minutes chart is showing a Descending Triangle.
• 5 minutes chart is showing a range of 122.11 - 123.03.
• 122.65 is a support resistance zone. 122.50 is the support line of the triangle.