DELL Weekly Resistance level

• Dell weekly chart shows resistance between 17.50 - 17.60 level.
• Daily chart looks overbought.
• Week closing above this level can extend this up move. Weekly candle getting resisted here will result in a correction.
• PROSHARES ULTRA SEMICONDUCTORS CHART ANALYSIS
  
• RIMM RESISTANCE LEVELS
  

RIMM Resistance levels

• RIMM Weekly chart near Middle bollinger band
• Next two chart shows the strong down trend of the stock.
• Price has to close above the daily cloud and 100 SMA for a possible change in trend to happen. Till then consolidations will result in down moves.
• PROSHARES ULTRA SEMICONDUCTORS
  
• SPX ANALYSIS AFTER CLOSING BELL
  

USD - Ultra Semiconductors Chart analysis

• Support and resistance lines of weekly chart shows possible triangle in the making.
• MACD may trigger a sell if price falls below 40.27.
• Major support is the 200 SMA which is near 36 levels.
• SPX ANALYSIS AFTER CLOSING BELL
  

CRUDE OIL Support and Resistance lines

• Crude Oil near the apex of a contracting pattern.
• Price may breakout of the pattern soon giving good direction for crude oil.
• SPX ANALYSIS AFTER CLOSING BELL

NIFTY Chart Analysis

• Hanging man has managed to stop bulls from crossing 200 SMA.
• But price has to fall below 5 Day Low EMA or 10 Day EMA for triggering a sell.
• Price stopped at 78.6% which will keep the bears interested. Price has to sustain below the Golden ratio for bears to strengthen more.
• So we shall wait and see if a sell gets triggered or a retrace of yesterday's fall happens.
• S&P 500 EOD UPDATE
  

S&P 500 Analysis after closing bell

• No breakout in month chart yet.the down trend line from 2007 was tested and rejected last week.
• Weekly chart's breakout was tested today. Price violated the resistance line but came back to close the day above the line.
• Daily chart shows price getting support near 20 Day SMA. Any weakness will be visible in this time frame. Closing below 20 Day SMA will strengthen bears.
• ES FOUR HOUR CHART ANALYSIS