August 16, 2013

ES Chart update

  • One hour chart violates support level.
  • Daily chart shows price below 50 Day SMA.
  • Fib levels shows price moving towards 38.2% Fib level which may give a bounce 

CRUDE Oil channel and support levels

  • Crude oil one hour in a channel.
  • Price testing 100 Hour SMA and Crucial fib levels. Breaking below these levels may lead to a bigger correction. 

S&P 500 Futures chart update

  • ES one hour chart shows the levels which bears must break to extend this down move.
  • Bulls need to protect 50 Day SMA to avoid a bigger fall.
  • 4 Hour chart shows the broken support levels which may act as resistance if price bounces from here.
  • SPX Analysis after closing bell

S&P 500 Analysis after closing bell

  • First chart shows price correction from the channel resistance line.
  • If 50 SMA does not give support this fall could target 1620 - 1630 area.
  • GOLD Support and Resistance levels

GOOGLE Triangle update

  • Google triangle breakdown continues to do well for bears.
  • Price has closed below 100 Day SMA.
  • Next level for Google bulls to protect are 843-848 zone. for bigger falls to happen  
  • GOLD Support and Resistance levels

GOLD Support and Resistance levels

  • GOLD 4 Hour chart shows price closing above resistance zone.
  • Daily chart has violated 100 Day SMA. Bulls of gold need a close above this zone to strengthen this up move.
  • Last chart shows potential targets or resistance levels for the current up move. Broken resistance levels and 100 Day SMA may act as support.
  • SILVER Trend update

ES Chart update

  • ES Testing 50 Day SMA
  • Price has violated crucial support levels as shown in chart 3.
  • Price is moving away from 20 Day SMA. More falls only on closing below 50 day sma.