ES Chart analysis

• ES Sustaining below the red support line in first chart will strengthen bears of ES in the short term.
• 200 Hour SMA is a crucial support zone.
• Other supports for this fall is shown with Fibonacci levels in last chart.

COPPER Chart Analysis

• Copper near 50 period SMA of four hour chart.
• Price also shows a triangle shaped contraction which may give good direction.
• Breakout or breakdown should violate the levels shown in last chart for a bigger move to take place.

Nifty Bollinger Band contraction

• Price managed to trade above the flag's resistance line but could not make a bullish close.
• Price tested 50 Day SMA too But could not close above it.
• If price does not close above 50 SMA Soon we may see a correction towards the lower end of the range.
• Bollinger band shows band contraction which should lead to a breakout soon.
• 50 Day SMA at 5337.

ES Chart update

• ES one hour chart shows a Cup and Handle like price action which is a bullish pattern.
• One hour chart also has done a bullish cross of 50 above 200 Hour SMA.
• But the bigger time frame four hour chart has a bearish cross. For the bearishness to be negated price need to sustain above crucial moving averages. otherwise the larger time frame is likely to win after a small bounce.

QQQ Resistance levels

• QQQ Bulls must cross 50 period SMA of four hour chart shown in first chart for a bigger up move to happen.
• One hour chart shows the resistance levels to cross for bulls to gain momentum.
• Staying below these levels will be negative for bulls of QQQ.