SPY Trend Update

• Hour up trend is not yet changed.
• Price falling below the trend line and 50 Hour SMA will be warning signs for bulls.
• Price sustaining below the cloud may lead to a sell off.
• GOLD DAILY CHART ANALYSIS
  

GOLD Daily chart analysis

• Gold daily chart having breakout above 20 Day SMA is moving towards 1694 which is the upper end of the range in daily time frame.

ES Trend update

• ES Daily chart shows price getting resisted near previous support area. Daily candles are not able to close above this line.
• For bulls price has to close the day above this level for continuing the up move which is going to be tough for bulls.
• Four hour chart shows the up trend line and Horizontal support line which are important for bulls to hold.
• CRUDE OIL BREAKOUT
  

SBI Chart Analysis

• SBI was not able to stay above 50 Day Moving average, Was stopped exactly at the cloud too. With overbought stochastic if sustains below 1886 will attract more selling.
• S&P 500 EOD ANALYSIS
  

S&P 500 Analysis after closing bell

• SPX is near previous support level which may act as resistance. 
• 50 Week moving average is near 1266 levels.
• Four hour time frame has started to diverge. No trend line break yet which might trigger a correction.
• So we may see a correction from 1260 - 1270 levels.
• CRUDE OIL ABOVE RESISTANCE LEVELS
  

CRUDE OIL Above resistance levels

• Crude oil has violated its resistance line in daily charts.
• Sustaining and day closing above 90.51 levels will keep the bullishness intact.
• closing below 89.60 will be negative for crude oil.