- SPX Closed the week below the Rising wedge pattern.
- Price is testing 50 Week SMA. Bears need a full weekly candle below 50 Week SMA to confirm a bigger breakdown. But for now the shadow of the current weekly candle suggests of an oversold bounce.
- Bulls also has the support of the Golden ratio. But this bounce may not be a bigger one unless price decides to move above 200 and 20 Day SMA quickly.
- ES CHART ANALYSIS
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- ES Daily chart shows Resistance at 50 Day SMA.
- Support is seen at 20 Day SMA.
- Silver bulls need price to sustain above 4 Hour cloud which may result in up moves.
- ES hour chart shows possible resistance levels in falling resistance line
- 50 and 100 Hour SMA also has to be crossed for a bigger up move to happen.
- Crucial support level is the Golden ratio shown in daily chart.
- Apple Monthly chart shows price testing March and May month lows. These levels have resulted as support levels in the past.
- If 516 - 522 zone is broken and week closes below 50% Fib level apple may fall towards the Golden ratio or the Monthly Middle Bollinger band which is near 490 levels.
- ES CHART ANALYSIS
- Weekly chart of nifty shows price near crucial support levels.
- Price is still in a range. Bulls and bears need a weekly close outside the current range for a bigger move to happen.
- BANK NIFTY LIVE CHART WITH AUTO REFRESH
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- Daily chart shows price nearing the target for the bearish breakdown.
- Price is nearing the Golden ratio.
- Price continues to move away from 200 Day SMA.
- Bulls must hope for a Daily reversal candle at this stage for a possible trend reversal to happen.
- Dow Jones Daily chart shows Price below golden ratio and moving towards 78.6% Fib level.
- Second chart shows levels between Golden ratio and 78.6% Fib level which may act as support areas.
- Price in weekly chart is near 100 Week SMA which is near 12400 levels.
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APPLE CHART ANALYSIS
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