SILVER Chart analysis

• Silver testing 50 Day SMA.
• 4 Hour chart has broken below the cloud. During the last test of 50 SMA Price was above the 4 Hour cloud. So chance of a bigger correction exist if price sustains below 50 Day SMA.

QQQ Support and Resistance levels

 

• Crucial support for bulls on closing basis is the 200 Day sma.
• Crucial resistance level is the 50 Day SMA. Violating these levels on closing basis may give a bigger up move. For bulls the daily cloud and golden ratio too may act as resistance if the up move continues. For a bigger rally bulls must do a cloud breakout.
• ES SUPPORT AND RESISTANCE LEVELS

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ES Support and Resistance levels

• First chart shows 4 Hour time frame with rising support line. Price testing this rising support line.
• Resistances in Daily cloud and 23.6% Fib level, 100 Day SMA.
• For bears break below the rising support line would give an extended fall.

S&P 500 Reacting from Golden ratio

 

• SPX Bulls unable to sustain above 50 Day SMA.
• Price is moving down from Golden ratio
• Crucial support zone between 1396 - 1403. Break below this level may result in a bigger fall. Sustaining above this zone may give an up move towards the cloud as shown in the last chart.

NIFTY Weekly support and resistance lines

• Nifty fib level shows the resistance @  78.6% which comes at 5951
• Weekly resistance zone between 5906 - 5941
• Last chart shows possible resistance line. 
• BANK NIFTY LIVE CHART WITH AUTO REFRESH

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