S&P 500 Futures chart update

 

• Bulls are getting support at 100 Period SMA of four hour chart as shown in first chart. Bears need to break this level for extending gains.
• Second chart shows immediate price support levels.
• Last chart shows Fib support levels.
• APPLE CHART UPDATE

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APPLE Chart update

• Weakness at 50 Day SMA and four hour cloud.
• Price falling towards 200 Hour SMA. More weakness if 200 Hour SMA Does not hold.

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CRUDE Oil update

 

• Crude oil daily chart getting resisted at previous support level.
• Broken 50 day sma too is acting as resistance.

APPLE Chart analysis

• APPLE Daily chart has violated the down trend line from 705 levels.
• Price is nearing Daily upper bollinger band and 50 Day SMA.
• Daily close above 50 SMA and Upper bollinger band may help bulls to extend this up move.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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ES Chart analysis

 

• ES bulls continues to struggle at 78.6% Fib level and the channel support line.
• Price is staying above crucial moving averages as shown in last chart.
• For bears price sustaining below 50 Period SMA may lead to a bigger fall.

S&P 500 Analysis after closing bell

• SPX Daily taking support at 23.6% Fib level.
• Second chart shows price testing middle line of the ascending channel. Price has to close below this line for bears to have a correction towards 1530 levels initially.
• Weekly chart shows negative divergence with price and rsi. RSI falling below 70% line may give a bigger fall. 

COPPER Triangle breakdown

• Copper has broken the support line of the weekly triangle pattern.
• Daily chart shows price testing crucial support level.
• Sustaining below 3.39 levels may push price down towards 3.27 levels.

ES Update

• ES bulls need to break above 78.6 % Fib level and Hourly cloud to extend the up move.
• Broken channel support line is also acting as resistance.
• Unable to clear the above mentioned levels may lead to a correction.