Crude oil resistance levels

• One hour chart with 200 Hour SMA as resistance. Stiffer resistance at 4 hour cloud. For a decent bounce price must sustain above 4 Hour cloud.

QQQ chart analysis

• QQQ Week has closed below the cloud and price is sustaining below it. 30 Minutes chart shows a trending down move. Bears will remain strong below the cloud. Support is expected near the rising support line of Monthly chart.

ES before opening bell

• ES violates crucial support zone around 1860 - 70 levels.
• 15 Minutes cloud is the immediate resistance above that a bounce towards the broken support zone is possible.

Crude Oil chart update

• Crude oil bounce was short lived. One hour chart shows price getting resisted at 200 Hour SMA.
• Month chart shows price moving towards the next swing low which was made back in 2003. 

APPLE Trend update

• Apple Month chart shows price falling towards the rising support line. For the current month candle the line near 84 levels approximately.
• Weekly chart with Fib levels shows price at 50% retrace level. Close below this level may take price towards the golden ratio which is near the Monthly rising support line. So its crucial for Apple bulls to defend 50% Fib level.
• Hourly chart with Ichimoku cloud shows a trending move. Bears need to sustain below the cloud to extend gains.
• ES WEEKLY CHART ANALYSIS

-->

S&P 500 Futures Weekly chart analysis

• ES weekly chart with the topish pattern and possible targets if price stays below 1840 levels. For now a bounce likely if price stays above the support line of the bearish pattern.

ES Trend update

 

• 4 Hour chart shows  a bearish ladder. Price continues to make new lows. But now price is testing a crucial support zone between 1860 - 1870. Bears must close below the support zone in daily time frame to extend the fall. Decent bounce likely if price holds on to this level.
• S&P 500 MONTHLY BEARISH CROSS

-->