SPY Resistance level

• SPY is reaching the top of the trading range
• Bulls has to stay above 121.20 level and 50 Period moving average for four hour time frame for continuing this bounce.
• SILVER RESISTANCE LEVEL
  
• CRUDE OIL TRIANGLE BREAKOUT
  

CRUDE OIL Triangle Breakout

UPDATED CHART-2

CHART-1 BEFORE BREAKOUT

• Crude oil has given a breakout from the triangle pattern.
• Price has to cross 88.98 levels for a sustained up move to happen
• Otherwise we may see a busted triangle pattern.
• SILVER RESISTANCE LEVEL
  

SILVER Resistance level

• SILVER is moving around its 200 Hour moving average.
• It is in a small range of 39.98 - 41.74
• We may see a good move when the above mentioned range gets resolved.
• GOLD MOVING UP AGAIN
  

S&P 500 Futures Hour chart analysis

• ES Hour is staying above 50 Hour moving average and cloud.
• Important numbers for today are 1188.50 and 1206.25
• One the way down it is the 50 Hour moving average.
• Price for now is in the bullish area But it remains inside the trading range. Trending move will happen after the range breakout.
• S&P 500 WEEKEND UPDATE
  
• MSFT BUY SIGNAL
  
• TRIANGLE OF US DOLLAR
  

Triangle of US Dollar

• Its a descending triangle in US Dollar.
• Price is also staying below its 100 and 200 SMA.
• Breaking below 73.51 will be negative for US Dollar.
• S&P 500 WEEKEND UPDATE
  

NIFTY Resistance levels for this up move

NIFTY HOUR CHART

• Having crossed the 50 Hour moving average if nifty manage to close this day above it bulls may target 4946 and 4965 levels. Bulls shall stay above these levels for changing the bearish structure in hourly chart.

• Nifty spot is moving towards the 50 Hour moving average line.
• Bulls have tired and failed many times at this level.
• They have to an hourly close at least to show some strength.

NIFTY at the resistance line

• Nifty has to stay above this resistance line if it is to move up further.
• Getting resisted here will be negative for the bulls.
• NIFTY HOUR CHART WITH 50 SMA: CLICK HERE
  

SBI Channel and Support level

• SBI is testing important support level.
• Support level is between 1868 - 1905.
• There are no reversal signs yet so we have to wait and see if we are going to see a reversal candle here.
• The channel of SBI shows some more down side for the stock before it can hit the bottom support line of the channel.
• If it hits the channel bottom we can definitely see a reversal trade from there. If it is going to turn before hitting the support line then we have to look for daily reversal candles to initiate trade.
• NIFTY WEEKEND UPDATE
  
• BANK NIFTY WEEKEND UPDATE