SPY Support and resistance levels

• 30 minutes line chart of SPY.
• Support zone is between 122.58 to 122.74. Closing below this zone will favor bears.
• Things will look positive if price closes above 123.12
• BEARISH ENGULFING IN APPLE
  

Bearish engulfing in APPLE

• Apple Daily chart is showing bearish engulfing.
• Stock is also getting resisted by a trend line as shown in second chart.
• Effects of bearish engulfing can be seen only if the trend lines shown in second chart is broken.
• 300 is a good support area for the stock.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  
  

Nifty Daily Analysis

• Nifty is showing a range of 5939 to 6070.
• Bigger movements are possible only after this range gets resolved.
• Nifty has broken below 50 DMA and price has also finished the retest of broken DMA. This happens when an important moving average gets broken.
• So we can expect to see good selling once 5939 level gets broken.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

S&P 500 Analysis after closing bell

HOUR CHART

WEEKLY CHART

• SPX Hour chart is showing weakness as it has closed below 20 hour moving average.
• Weekly chart is showing negative price action. We had a Gap up today but it was faded and made a close towards the Low of the Day.
• Now correction up to 1217 may happen anything beyond that can take SPX to 1206 levels.
• TODAY'S CORRECTION WAS FOLLOWED BY NEGATIVE DIVERGENCE IN 30 MINUTES CHART AS SHOWN IN THIS POST.