ES Support levels

• ES Daily chart near previous resistance level which may act as support.
• Price also approaching 50 Day SMA and crucial Fib level. 
• If the levels are held an up move towards the recent high's are possible.
• APPLE CHART ANALYSIS

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APPLE Chart update

• Daily chart shows immediate support line at 655 for apple
• 2nd chart shows the next support at 644 and 50 Day SMA.
• Weekly chart looks like an evening star candlestick pattern not perfect but if this week closes at the current levels or lower it could trigger a correction provided 644 breaks.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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BANK of America Chart analysis

 

 

• Bank of America daily chart falling towards the up trend line.
• Daily MACD shows a sell signal which needs price to fall below 20 Day SMA for a bigger fall to happen
• Weekly chart shows price resistance at 100 Week SMA. For the up move to continue price need to close above 100 Week SMA otherwise a slide towards the weekly up trend line shown in last chart is possible.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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Nifty Chart analysis

• NIFTY Hour shows a bullish Flag pattern.
• Hour is also trading near 50 Hour SMA. Falling or closing below this level will be negative for bulls.
• Week High at 5592 is important on a weekly closing point of view. Price not testing this value till tomorrow's should keep the bigger bulls positive.
• S&P 500 EOD UPDATE

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S&P 500 Analysis after closing bell

 

 

• SPX Four hour chart shows support at 100 period SMA and Golden ratio.
• 2nd Chart which is the daily time frame also shows crucial support between 1422 - 1426 which is the breakout level.
• for bears price staying below 20 SMA should extend the fall towards the above mentioned support levels and breaking them could even extend the down move towards 50 Day SMA.