FORD Testing up trend line

 

 

• Ford trying to stay above the rising up trend line.
• Price need to close above the cloud and 50 Day SMA to confirm strength.

ES Chart analysis

• ES one hour chart shows resistance at 50 Hour SMA and Hourly cloud.
• Daily chart shows price below crucial support zone and 50 Day SMA.
• For ES bulls price has to get back above 50 Day SMA for a stronger pullback to happen.

S&P 500 Analysis after closing bell

• Weekly up trend line and 20 Week SMA at 1640 will act as immediate support levels. Breaking below them price may fall towards 100 Day SMA at 1632
• Resistance is seen at 1658 which is the broken 50 day SMA

ES Chart update

 

• ES Hour chart shows price getting resisted and is moving away from 50 Hour SMA. 
• 30 Minutes chart shows price continues to break below support levels.
• Daily chart shows price violating 38.2% Fib level. 
• Strength in hour chart only if price able to get back above 50 Hour sma.

SILVER Trend update

• Price testing 50 Hour SMA.
• Hourly up trend line and the One hour cloud shows the up trend is intact. Weakness in hour chart on trading below these levels.