ES Chart update

• ES Hour chart shows support and resistance levels.
• Second chart shows possible resistance at 78.6% Fib level. Getting resisted here may lead to a down move towards support levels.
• SILVER RESISTANCE LEVELS

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MCX SILVER Resistance levels

• Weekly chart shows resistance at 20 Week sma.
• Daily chart shows resistance at 100 Day SMA. Daily candles unable to sustain above 100 Day SMA.
• Fib levels shows resistance at Golden ratio. 

NFLX Chart update

 

• Netflix daily chart shows a bullish engulfing pattern But price continues to trade in a range. Price must breakout of the range for the engulfing pattern to work well.
• Weekly fibonacci levels shows 50% Fib level at 178. This level also should be closed on closing basis to target the Golden ratio at 208.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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ES Chart analysis

 

• ES Four hour chart finding support the support line of the Right angled ascending broadening pattern.
• Other support levels at the same level are the 4 Hour cloud and Daily chart shows a possible trading range forming above 20 Day SMA.
• Bears need a fall below 20 SMA for a bigger correction to happen.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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Bank Nifty Chart update

 

• Bank nifty testing previous resistance level which may act as support again.
• BN also near 50 Day SMA.
• But the alignment of Weekly MACD lines looks bad for BN Bulls. If 50 SMA does not hold we could see a bigger fall. 
• SBI RANGE BREAKDOWN

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SBI Chart analysis

• SBI Chart shows price breaking below the range and for the Range breakdown target is near 2890.
• Price may test the Middle bollinger band or the up trend line if the fall continues.

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S&P 500 Analysis after closing bell

DAILY CHART

• One hour chart shows a broadening top pattern with price testing 50 Hour SMA.
• One Hour is also threatening to break the hourly cloud which may lead to bigger falls.
• Daily chart shows  a Bearish cross in MACD lines. This bearish cross may well only if price breaks below Middle bollinger band.

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EURUSD Support levels

 

• First chart of EURUSD is the 4 Hour time frame shown with possible support lines.
• Ichimoku cloud of the same time frame may also act as support level if the fall continues.
• 23.6% Fib level has broken and price falling towards 38.2% Fib level
• ES BROADENING PATTERN

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