October 23, 2017

ES Intraday update

  • Possibility of price Hitting 38.2% Fib level was very high Once price break below 50 SMA and 23.6% Fib level and it did just that. Once the confluence of support break the price action was fast.
  • Immediate support levels for the day
  • Break below 23.6% Fib level may give 2564 which is the 38.6% level. 100 SMA too is at this level for now. 

APPLE Chart analysis

  • Apple 4 hour chart shows crucial support at 155 levels. Close below 155 levels may trigger a fall towards 149 levels
  • Price for now is staying below 30 Minutes cloud. staying below the cloud a down swing is likely.