ES Daily fib levels

• Daily testing 50% Fib level. Bulls if holds this level may give an intraday bounce back towards 2015 levels.

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S&P 500 Futures intraday update

• ES 4 hour chart shows price falling below recent swing low.
• 15 Minutes chart shows Ichimoku cloud as immediate resistance. For a bounce to happen price need to move above the cloud.

Nifty intraday update

• Nifty managed to stay above its crucial swing low of 7539. Bears can become strong again only if 7539 gets breached. 
• 30 Minutes chart shows bulls yet to gain strength as price continues to stay below the cloud
• Hour chart shows price below the falling trend line from 7972 levels. Strength for bulls only if price is able to sustain above 7700 levels.