S&P 500 Intraday update

 

• SPX 30 Minutes chart shows a possible falling wedge pattern.
• Next two charts shows possible resistance levels in one hour time frame.

GOLD Support Zone

 

• Gold 4 Hour chart shows a possible support zone which has to be broken by bears for reversing the trend and changing the bullish structure completely.
• Price also near 50 Day SMA and 10 Week SMA.
• Weekly chart is falling after a bearish inverted hammer pattern at the top. More falls if the levels mentioned above fails to hold. 
• SILVER CHART ANALYSIS

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SILVER Chart analysis

• Silver Daily chart testing 50 Day SMA. Silver bears need a close below this crucial moving average for a bigger fall.
• Price testing 23.6% Fib level.
• Price is unable to make progress into the weekly cloud. A Weekly close below the cloud will be negative for silver bulls.

S&P 500 Futures update

• First chart is the bigger time frame which shows price trying to take support at the daily trend line.
• Next two charts are hourly time frame which shows price testing immediate resistance lines. If the attempts at the lower time frames are successful we may see a bigger up move in daily chart.
• SPY WEEKEND UPDATE

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ES Chart update

 

• Support levels of ES 4 Hour chart is violated. Levels in daily chart is getting tested.
• Price is testing the crucial up trend line in daily chart. Bulls need to hold above this line to avoid a bigger fall.