December 21, 2016

S&P 500 Futures 4 Hour Technical Analysis

  • ES bulls must hold above 50 period  SMA and rising support line to avoid a correction towards the range support zone.
  • Bears need price to stay below 50 Period SMA.
  • Staying above these levels a breakout above 2072 levels is possible.
  • GOLD Month charts

Nifty one hour and 15 Minutes chart update

  • Nifty one hour near crucial support zone of 8057. 
  • If the above mentioned level does not hold then price will slip below 8000 levels again.
  • 15 Minutes chart with cloud shows a trend. If price moves above the 15 Minutes cloud a reversal is possible from the Hourly support zone of 8057.
  • NIFTY Bearish pattern and Support levels