ES Support levels

• ES near four hour range bottom.
• Price near daily up trend line and daily horizontal support zone. For the daily trend to turn in completely in favor of bears these levels has to break on closing basis
• CRUDE OIL ASCENDING TRIANGLE

GOLD Chart analysis

• GOLD Weekly chart shows price moving down from the top of the range. Weekly chart shows a range of 1522 - 1802.
• Price has broken 20 and 50 Day SMA and bears waiting for a bearish cross to happen for a bigger down fall possibly towards the bottom of the range to happen. Gold bears also need price to break below the cloud for the fall to extend.
• CRUDE OIL ASCENDING TRIANGLE

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CRUDE Oil Ascending triangle

• Crude oil daily chart shows an ascending triangle pattern.
• For bulls price has to deal with 50 and 200 Day SMA for the Ascending triangle to do well.
• Unable to move above these two moving averages will result in continuation of the fall.

ES Chart update

• ES Fibonacci level and 200 Hour SMA which may act as support levels.
• ES Below the hourly cloud will favor bears to extend gains.
• APPLE UPDATE

APPLE Chart analysis

• APPLE Testing the daily cloud.
• Price also close to the 100 SMA and Golden ratio which gave a bounce 3 days back.
• Bears of apple need a close below these crucial support levels for a bigger breakdown. Unable to close below these levels may give another bounce towards 653 levels again.
• GOOGLE CHART UPDATE

GOOGLE Chart Analysis

• GOOGLE Weekly chart shows strong support between 658 - 670 levels and 20 Week SMA near this level will also act as support if the down fall continues.
• With Weekly MACD ready to give a sell signal an oversold bounce from here would give a perfect selling opportunity at higher levels.
• S&P 500 ANALYSIS AFTER CLOSE

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S&P 500 Analysis after closing bell

 

• 30 Minute shown with fibonacci levels. Fall took support near golden ratio More falls if this level gets broken again.
• Second chart shows 200 Hour SMA which is crucial support level.
• Daily chart shows weakness near the selling zone discussed earlier. Bulls are safe above 20 Day SMA.
• GOOGLE CHART UPDATE

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