January 31, 2018

ES Analysis after close ( Baby bear Vs Monster bull)

  • ES 30 Minutes trying to trend below the cloud But will the monster bulls allow the baby bear to trend? 
  • 4 Hour chart shows price at the cloud. 
  • Daily chart is also looking good for bears. But here too more needs to be done as price yet to break below 20 Day SMA.

January 30, 2018

ES Chart analysis before opening bell

  • ES 4 Hour time frame shows price nearing possible support zone.
  • Bulls may resume if 2820 holds.
  • Bigger weakness only if price breaks below 2820 and the 4 hour cloud.

January 29, 2018

GOLD Test of the Bull Swing

  • Gold 4 hour shows weakness as price falls to the cloud and 100 SMA. 
  • Violating these levels may hint of bigger weakness.
  • Taking support here may resume the bull swing again.

January 28, 2018

CRUDE Oil Path towards Month resistance line

  • Month chart shows possible path toward the falling resistance line from 147 levels. This set up will be negated only if the red support line drawn in Month time frame gets violated.
  • Daily channel looks strong. Immediate support with 4 hour cloud. weakness in 4 hour cloud only when price starts to trade below the cloud.

January 25, 2018

ES Chart analysis

  • ES Hourly cloud continues to act as strong support. Short term weakness only if price starts to sustain below hourly cloud.
  • 30 Minutes chart shows a diamond shaped contraction. It will be interesting to see if price respect the boundaries of the pattern on the right hand side. If price violates these lines early then the pattern will stay invalid.
  • Daily chart shows another possible Doji Day. This shows indecision at top. It may be followed by weakness or a breakout towards the direction of the prevailing trend.

January 24, 2018

CRUDE Oil Trading levels

  • Crude oil bulls managed to hold above 4 hour cloud and is testing recent high's.
  • One hour chart shows immediate support zone falling below which a shot trade is possible towards 63.70 and 63.10 levels. 
  • More strength if sustains above recent high(64.89)

January 23, 2018

ES Ascends getting steeper and steeper

  • ES Daily rising like a cobra. Moves are becoming almost vertical.
  • Daily RSI is showing Historic or Extreme overbought readings. But the Extreme readings are not helping bears due to the strength of the prevailing trend. 
  • Since the move is getting too vertical it must end or at least a sideways to negative correction is possible.

January 22, 2018

ES 4 Hour chart update

  • ES 4 Hour breaking away from the ascending triangle contraction.
  • Pattern breakout suggests a possible move of about 30 points from the resistance zone. Price is almost reaching the target levels. Now weakness in this time frame only if price falls back below 2807 levels.

CRUDE Oil Chart Analysis

  • 4 Hour chart shows price finding support at the cloud.
  • Price may move towards 65 levels again as shown in last chart.

January 20, 2018

SILVER Weekend update

  • Silver weekly chart shows price contraction in a triangle pattern. Price likely to remain in this pattern for some more weeks. If price gets resisted at the falling resistance line then the sideways move may continue for some months before silver can start to trend again.
  • Last chart shows crucial numbers in weekly chart.

January 18, 2018

CRUDE Oil broadening Wedge

  • Crude oil is developing a broadening wedge in 4 hour time frame.
  • Second chart shows price right at the apex, a Breakout or breakdown is imminent from the contraction
  • Breakdown if happens must stay below 50 SMA for bigger falls to follow. Staying above this moving average the up move likely to continue.

January 17, 2018

CRUDE Oil chart analysis

  • Crude oil 4 hour chart resting on crucial moving average.
  • second chart shows price at rising trend line.
  • More weakness on closing below the moving average. Crude bulls must stay above the trend line and moving average to avoid a bigger down swing.

ES One hour cloud update

  • ES One hour chart shows another bounce from cloud base.
  • One hour right now is at a crucial zone. Price may either reverse from here or it can test the high's again.

NIFTY Chart Analysis

  • NIFTY Daily and Week is testing the resistance line. Bears need the bearish engulfing in daily chart to take effect. Weekly chart is more crucial. A bearish bearish weekly candle here will strengthen bears.
  • Bulls need to save the weekly candle to stop a down swing from happening.
  • 10680 and 10660 are possible supports in Nifty. If these levels are broken on daily closing basis then bigger down swing may follow.

January 16, 2018

ES Hour chart analysis

  • ES 30 Minutes and one hour continues to favour bulls.
  • No signs of weakness until price stays above 30 Minutes cloud.

January 15, 2018

GOLD Nearing Resistance zone

  • Two gold charts of Weekly time frame shows price nearing crucial resistance zone. Second chart shows the resistance line drawn from Middle of Year 2013. Since its a long term pattern a breakout or breakdown from this will be significant for Gold. Price is nearing the apex of the pattern. If the resistance line stops the up move then price is likely to remain in this pattern for some more months Before a breakout or breakdown can happen. Resistance zone is around 1360 levels.

January 13, 2018

ES Weekend update

  • Weekly chart shows the hope and despair of bears. Bears are shown hope in those circles only to be batted by bulls.
  • Month chart shows one of the biggest gains in more then a year. And Month is only Half done.
  • The Hour chart shows the cloud base in action. Weakness in Hour was arrested at the cloud base followed by a good long trade.

January 11, 2018

TESLA Triangle and Month Support zone

  • TESLA Daily chart shows a triangle shaped contraction. 
  • Month chart shows bullish candlestick formation with crucial long term support at 291 levels.
  • Since Month is favouring bulls a bullish breakout from the Triangle is likely to be a safe trade. If price falls below 305 then stock can fall towards 292 levels.  Above 347 stock can move towards 360 and 380 levels.  

January 10, 2018

ES Chart analysis before opening bell

  • 30 Minutes trend has snapped.
  • 60 Minutes cloud base is giving support for now. For bears the cloud base must break for bigger gains to follow.
  • Daily time frame is looking good so far for bears. Day need to close like this to confirm weakness.