SILVER Bearish pattern updated

 

 

• SILVER Daily chart breaks below 200 Day SMA.
• Price breaks below the Bearish M discussed in yesterday's post.
• Price now testing golden ratio. If this level is not held price is likely to test 78.6% retrace level.

BIDU Resistance levels

 

 

• Bidu daily chart approaching the Ichimoku cloud.
• Daily chart also near 50 Day SMA and the channel resistance line. For a bigger pullback price has to close above these resistance levels.
• Getting resisted at these levels could lead to a retest of the lows.

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ES Chart analysis

 

• ES One hour chart sustaining below 50 Hour SMA may lead to a bigger fall.
• Four hour chart shows price above the cloud. For a bigger fall price must break below this cloud.
• Daily chart shown with crucial support lines for bulls to hold above.
• SPX ANALYSIS AFTER CLOSING BELL

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BANK of America Bearish Engulfing

 

• BAC Daily chart shows a bearish engulfing pattern. Engulfing patterns needs confirmation with price advance and Volume increase.
• Weakness in weekly chart at Golden ratio and 200 Week SMA. Bulls need to close the week above these two levels which will also negate the bearish engulfing discussed above.
• SPX ANALYSIS AFTER CLOSING BELL

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RELIANCE Power Triangle pattern

• Reliance power with a triangle pattern in daily chart.
• The support line of the triangle and the 100 SMA may act as confluence of support. If this level breaks we may see deeper falls in this stock.
• Breakout in favor of bulls from the smaller triangle should also takeout the crucial falling resistance line shown in weekly chart for a bigger up move to happen.
• NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH

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NIFTY Intraday update

UPDATED CHART

• Range discussed below has given a good trade for intraday bears.

 

 

• Nifty hour in a range.
• 5 Minutes chart also shows a range.
• Break of the smaller range may lead to a bigger move.

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NIFTY Chart update

• NIFTY Daily chart shows a range at the top.
• Daily RSI Moving down from overbought region may stop bulls from breaking out of the range. 
• Weekly chart also shows a resistance line and MACD Negative divergence which may make it tougher for bulls to breakout.
• NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH

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S&P 500 Analysis after closing bell

 

• SPX One hour chart shows weakness But price yet to break below crucial supports like Hourly cloud. Bigger falls can be seen if Hourly cloud does not hold.
• 4 Hour chart too shows price above the neck line of the inverted head and shoulders pattern.
• Daily chart almost gave a Dark Cloud cover pattern. If the opening was slightly higher for the day candle we should have had a perfect Dark cloud cover pattern. Now for bulls price must sustain above the falling resistance line which was broken earlier. 
• QQQ CHART UPDATE

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QQQ Chart update

 

• QQQ daily chart near 100 Day SMA. 
• Price is also near Golden ratio and Testing the daily Ichimoku cloud. Price need to stay above these levels on closing basis for a bigger up move to happen.