USO - Target for the breakdown

• USO Moving down towards 30.31
• Breaking below 30.31 will add momentum for bears.
• GOLD BREAKS 50 SMA
  

ES Oversold But may continue to fall

• ES enters oversold level as shown with stochastic readings.
• But as shown with the ellipses Price continue to fall till stochastic turned up above 20% line.
• So now the only hope for bulls is that price is close to the bottom of the range. If stochastic turns up above 20% line we may see es taking support.
• Breaking below 1110 levels can add strength to this fall. Its a steep fall, Price momentum is high so the probability of ES taking support here is very low.
• AAPL NEGATIVE DIVERGENCE
  
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

GOLD Breaks 50 Day SMA

• GOLD Breaks below 50 day sma.
• Price may move towards 1700 levels.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Fibonacci level

• 50% Retrace for the move from 4720 to 5168 comes at 4944
• Price has taken support near 4910 level before, so this lecel may stop the fall.
• So if price takes a reversal from here we may see a turnaround.
• Breaking below 4900 will cause more pain for bulls.

S&P 500 Futures hit the support line

• ES Hits an important support line
• If there is going to be a turnaround it has to be now.
• Break of this line means more pain for bulls.
• Next possible support is at 1123 levels.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Analysis

• Price is getting resisted at Week high ema.
• Day Low EMA may act as support.
• Weekly chart is putting up a continuation pattern as shown in last chart. Breaking below the support line will favor bears for an extended correction.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

S&P 500 Analysis after closing bell

• Yesterday's shooting star formation was a warning for bulls. 
• Bearish candlestick has given good reaction from 50 day moving average.
• Price has now closed below 20 day moving average.
• Price will now target the support line of this range. If that holds bulls may get an up move. otherwise it will be an extended down move this time.
• AAPL NEGATIVE DIVERGENCE