ES Chart analysis

• ES four hour chart trying to stay above the channel resistance line.
• One hour chart above 50 Hour SMA.
• Price sustaining above 50 Hour SMA will help bulls to extend this up move. Falling below 50 Hour SMA will result in a false breakout.

GOLD Chart Analysis

• Price getting resisted at crucial resistance line. This line must be crossed by bulls of gold for bigger up moves to happen.
• Closing below 50 Day SMA will be negative. Sustaining below 1595 - 1605 level will be negative. Trend will resume in favor of bears of gold below 20 Day SMA.

EURUSD Trend update

• EURUSD Must sustain above 20 day SMA for this up move to sustain.
• Previous support level of 1.2620 - 1.2670 level may act as resistance. This level must be crossed for this up move to sustain.
• S&P 500 ANALYSIS AFTER CLOSING BELL

NIFTY Resistance levels

• Nifty has a possible bullish engulfing pattern which will be confirmed if price closes at the current levels or higher.
• Price is moving into multiple resistance levels. 5 Week High EMA, 200 Day SMA and 50 Day SMA and a falling resistance line shown in last chart may act as resistance levels.
• If all goes well for bulls they may target 5150 - 5180 levels in the short term.
• S&P 500 EOD UPDATE

S&P 500 Analysis after closing bell

• First chart shows price violating the resistance line of the falling wedge. Bulls need follow up buying.
• Price is moving into 20 Day SMA which has to be crossed on closing basis to extend this up move. 1334 the recent swing high too will act as resistance.