ES Near Resistance line

• ES four hour chart with support and resistance lines.
• Price is approaching a resistance line as shown in four hour time frame.
• Getting resisted here will take ES towards 1260 levels again. 
• Violation of the resistance line will favor bulls.

SLV Intraday Update

• SLV Daily time frame is testing an important support level.
• Price closing below 32.76 will favor bears.
• Price continue to stay below 50 and 20 day moving averages.
• SLV will continue to trend down if it stays below 20 DMA and below 32.76 level.
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EURUSD Triangle Pattern

• EURUSD Daily chart is near the support line of the triangle pattern
• If price gets support here it may start to move up towards the resistance line of the triangle.
• For now price is below the 20 week moving average which is negative for the pair.
• S&P 500 WEEKEND UPDATE
  

SBI approaching Resistance level

• SBI is showing good upside momentum
• Price may pause at 2356 level which was the recent swing high.
• Bigger up moves will be possible only on breaking and closing above 2356 level.

TATA MOTORS Analysis

• Tata motors May form a bottom formation at the current levels.
• If the Golden ratio and Hammer holds we may see the stock moving up soon.
• One can wait for Price to close above 20 day moving average to buy the stock.
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