ES Near resistance line

CHART-III

• Bulls has to sustain above the resistance line. Four hour candle is showing weakness at the moment. Price falling back into the pattern will favor bears.

CHART-II

• Up move got resisted at the resistance line as discussed in the below chart.
• Staying below 50 Hour SMA will favor bears.

CHART-I

• ES Hour chart is moving towards resistance line
• Price staying below 50 Hour SMA will favor bears.
• Even if price manage to stay above 50 Hour SMA the upside looks limited to the resistance line.
• CISCO WEEKLY RESISTANCE LINE
  
• QQQ SELLING ZONE
  

INTEL Chart Analysis

• Intel daily chart is showing reversal after negative divergence in MACD Indicator.
• Price has taken support at 23.28 level.
• 20 SMA has broken on closing basis. Price breaking below 23.28 level again can extend correction for Intel.
• QQQ SELLING ZONE
  
• CISCO WEEKLY RESISTANCE LINE