SPY at resistance levels

• SPY Testing crucial resistance levels.
• Day has to close above 135.90 and Golden ratio to sustain the bullishness. Unable to close above these levels may result in a sell off.
• Week will turn bullish only on closing above 20 Week SMA.

S&P 500 Futures chart update

• ES Four hour chart nearing the resistance line 
• Price sustaining above 200 and 50 period SMA will favor bulls. 
• ES daily chart shows crucial resistance in Golden ratio and previous support levels which may act as resistance. For a bigger breakout price must breakout and sustain above this level. Getting resisted here may result in good correction.
• SPX ANALYSIS AFTER CLOSE

Nifty resistance levels

• Nifty getting resisted at crucial resistance levels mentioned in earlier posts.
• For bulls these levels should be crossed on closing basis for continuing the up move which looks tough  for bulls.
• Bears must break below 5020 for extending the down move.

S&P 500 Analysis after closing bell

• SPX Daily chart shows price testing 50 Day SMA. Bulls of SPX need a daily close above this level to  continue this up move.
• Four hour chart shows price nearing The Golden ratio and previous support level at 1357 - 1358 which may act as a resistance area.
• If price gets near 20 Week SMA this level too will be difficult to cross. We have a MACD sell signal in weekly chart. So for negating bearishness price need to trade above 20 Week SMA or face deeper  correction.