July 13, 2015

ES Chart update

  • ES Daily moves back above 200 Day SMA.
  • Week took support at 50 Week SMA.
  • Immediate resistance at daily cloud. close above the cloud may give new high's for ES.

Nifty support and resistance levels

  • 50 Day SMA 20 SMA and 38.2% Fib levels are possible support levels. Week needs a close above 20 Week SMA for bigger up moves to happen. Last attempt to close above 20 SMA Failed. Weekly candle looks bears, If price struggles to cross above 20 Week SMA correction is possible.