ES Resistance levels

• ES 4 Hour chart shows price near multiple resistance levels.

Bank Nifty Chart analysis

• Bank Nifty closed above 20 Day SMA and 5 Day High EMA after a long while.
• Daily chart is testing 38.2% Fib level. Sustaining above 38.2% Fib level price is likely to target the 5 Week High EMA and the Upper Bollinger band.
• S&P 500 EOD Update

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S&P 500 Analysis after closing bell

• SPX Daily chart shows resistance at 20 Day SMA.
• 38.2% Fib level too is acting as resistance.
• Above levels may not mean much if the weekly rising support line is not broken soon. Holding above the support line price is likely to move up.

GOLD Support levels

• Gold daily chart shows weakness. 
• Confluence of support around 1330 - 1340 zone may avoid a bigger fall in gold.
• Breaking below this zone on closing basis may change the bullish structure of short term charts.

ES Chart update

• 4 Hour chart shows price testing crucial 38.2% Fib level
• One hour chart shows  a bullish cross with 50 and 200 Hour sma.
• Hour in a small trading range. Bullishness will be intact as long as price stays above 50 and 200 Hour SMA.

SILVER Chart analysis

• Silver four hour testing a possible support line and 100 Period SMA.
• Price testing lower Bollinger Band in four hour chart.
• Silver bears need a close below these levels to extend gains.

ES Chart update

• ES 4 Hour chart shows price contraction between support and resistance line. Breakout from this contraction may give a bigger move.
• 4 Hour cloud acting as resistance.
• Daily chart shows a range between 38.2% - 50% Fib level. Closing outside this range may give a bigger move. 

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