QQQ Testing the neck line of an inverted head and shoulders pattern.
Daily chart has moved above 50 Day SMA.
Price in daily time frame is at the Daily cloud.
Bulls need a daily close above the neck line and 50 SMA for extending this up move. Sustaining above the daily cloud may lead to a bigger up move.
SPY Daily chart hits resistance line
Price testing daily cloud.
Daily chart moved above Golden ratio. For bulls price should sustain above 143.68 levels for a possible test of 78.6% Fib level.
CISCO Daily chart breaking resistance levels.
Weekly chart sustaining above falling resistance line
Only negative here for bulls is the stocks recent attempts to sustain above 200 Week SMA which has failed.
Bidu testing the channel resistance line in daily chart.
Price also near 20 Day SMA.
For this bounce to continue price should close above the resistance line and 20 Day SMA. Negative daily candle should resume the fall.
ES Daily chart with ichimoku cloud shows a cloud breakout. Bulls need a bullish candle to confirm the breakout.
Next chart also shows the potential resistance lines for bears.
Last chart shows the hourly time frame with the ascending triangle pattern.
S&P 500 ANALYSIS AFTER CLOSE
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TCS has closed below 200 Day SMA.
Daily chart is also showing a range breakdown. Range was for 92 points so we can expect a similar move to the down side if price sustains below 200 SMA.
Weekly chart with up trend line may save bulls from a bigger fall.
NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH
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SPX Yet to cross the crucial resistance band of 1422 - 1426 level as shown in first chart.
Daily chart also near Golden ratio.
Price managed to close above 50 SMA But price action does not look convincing for bulls yet.
