April 16, 2013

ES Chart update

 
 
  • ES Four hour chart shows price nearing crucial resistance level.
  • One hour chart near Ichimoku cloud and Golden ratio.

Gold resistance levels for the bounce

 
  • Gold 30 Minutes chart shows Fib levels which may act as resistance.
  • Hour chart shows 50 Hour SMA and Ichimoku cloud which may act as resistance for this bounce
  • GOLD RANGE BREAKDOWN TARGET
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IWM Chart analysis



  • IWM Daily has broken below 50 Day SMA.
  • Price is testing 20 Week SMA or middle Bollinger band.
  • Last chart also shows price testing the previous resistance line of a channel. Falling back into the channel on closing basis should give bigger correction for IWM Bears.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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ES Chart analysis

  • ES 4 Hour chart shows price trying to find support at 200 period SMA.
  • Price is also sustaining above the crucial support zone of 1530 - 1535.
  • Last chart shows the immediate resistance levels for the bounce in one hour time frame.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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NIFTY Chart analysis

  • First two charts shows immediate resistance levels for Nifty.
  • Further breakdown or continuation of the current trend on closing below 5477 as shown in last chart.
  • GOLD RANGE BREAKDOWN TARGET
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S&P 500 Analysis after closing bell

  • SPX Has fallen to the bearish part of the channel. Price yet to breakdown from the bullish structure.
  • Price breaking below the level shown in second chart may add further strength for bears of SPX.
  • Last chart shows weekly chart with up trend line and MACD bearish cross which will be confirmed on weekly closing basis.
  • GOLD RANGE BREAKDOWN TARGET
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EURUSD Chart analysis

  • EURUSD Trying to stay above 50 Day SMA.
  • Resistance in daily chart at 38.2% Fib level. For bigger up moves this level has to be broken.
  • Immediate support levels shown in four hour time frame. 
  • GOLD RANGE BREAKDOWN TARGET