ES Update

• ES Daily chart shows price bouncing from 200 Day SMA.
• Four hour chart shows a chance for a bigger up move if price stays above 50 period SMA.
• For bears price has to fall below the black line to continue the fall.

APPLE Chart analysis

• APPLE Near 100 Day SMA.
• Four hour chart near channel support line.
• For a bigger fall apple must close the day below 100 Day SMA.
• Breaking the channel support line and closing the day below 100 SMA may target 560 zone in the short term.
• Holding above 100 Day SMA may save bulls from the above mentioned correction.
• BIDU WEEKEND UPDATE

ES Near channel bottom

• ES daily chart nearing channel support line
• Price in daily time frame also approaching 200 SMA and daily cloud.
• For a bigger fall the above mentioned levels must be broken on closing basis. Holding above the channel support line may result in a bounce.
• GOOGLE WEEKEND UPDATE

GOLD Chart analysis

• Gold weekly chart near 100 Week SMA. For a bigger breakdown price should fall below 100 Week SMA and 1522 which is the weekly support level.
• For an upper breakout price must sustain above 1610 levels.
• GOOGLE WEEKEND UPDATE

NIFTY Chart analysis

• Weekly middle bollinger band or 20 Week SMA at 5165 is crucial support level.
• Week falling below 5165 would strengthen the weekly stochastic sell signal. Bears also need a weekly close below this level.
• Crucial support in daily chart are 50 SMA(5086) and 200 SMA(5095)..
• BANK NIFTY CHART UPDATE

ES Chart update

• ES One hour chart shows a broken channel
• Four hour charts shows possible support levels in fibonacci and 50 period SMA. During the last two swings in four hour these support levels did not hold. One can expect a similar price action towards the channel support line shown in daily chart before an up move can happen.
• GOOGLE WEEKEND UPDATE