S&P 500 Futures Support and Resistance levels

 

• ES Hourly chart shows Ichimoku cloud and 100 Hour SMA as resistance.
• 1641 -1643 zone is the support level for bears to break for a fall to happen.
• Daily chart shows price testing 100 Day SMA.

TATA Motors Support and Resistance levels

 

• Weekly chart of Tata Motors shows price in a contracting triangle with one false breakout.
• Next close outside this pattern may lead to a bigger move.
• Crucial support resistance levels in last chart should be taken out on closing basis for a bigger move to happen.

S&P 500 Analysis after closing bell

• SPX Daily chart shows price up move getting resisted at 50 Day SMA.
• 2nd chart shows price sustaining at the bearish part of the channel and may extend the fall if unable to close back above 50 Day SMA.
• Weekly chart shows crucial support at 20 Week SMA (1639). This level has to be taken out on closing basis for  a bigger down move to follow.
• FORD MOTOR CHART ANALYSIS

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