Triangle of Micron Technology

• Micron Technology is showing a triangle pattern in its daily time frame.
• Breakout above the resistance line should sustain above 8.3 levels.
• Break below the support line will favor bears.
• S&P 500 WEEKEND UPDATE
  
  

S&P 500 Weekend Analysis

DAILY CHART OF SPX

WEEKLY CHART OF SPX

• Daily chart is trending up above the trend line and the 20 day moving average.
• Positional longs will be safe until price stands above the trend line in daily chart and the 20 day moving average.
• Weekly chart is showing a bearish pattern. a rising wedge which is a bearish reversal pattern. 
• NFLX WEEKEND UPDATE

NFLX Weekend update

DAILY CHART

DAILY CHART

WEEKLY CHART

WEEKLY CHART

• NFLX Daily chart is looking negative with price breaking a trend line support and its 50 day moving average. This price action will be negative in the short term and will favor bears.
• Weekly chart is also showing a trend line beak. Trend in  Weekly chart can change completely if price breaks and close below 20 week moving average.

APPLE Rising Wedge

• Apple rising wedge breakdown in hour chart.
• Supports are at 321.65 and 319.
• At present stock is pausing near 321.65 break of this level can give 319.
• EURUSD AND US DOLLAR CHART ANALYSIS

BIDU Support levels

• Bidu is moving away from its 50 hour moving average.
• Stock has also fallen below its support level of 97.95 in hour chart.
• Next support for Hour time frame is at 95.75.
• EURUSD AND US DOLLAR CHART ANALYSIS
  
  

Head and Shoulders of S&P 500

CHART-II

• We had a breakdown from H&S pattern. But bears are not able to gain momentum.
• If price does not trade below 1248 This will end up as another H&S pattern that's failed.

CHART-I

• ES Hour chart with head and shoulders pattern.
• Since the failure rate of this pattern is high these days Neck line can be used as a support line too.
• Price may go down only if it sustains below 1251.50 for some time.
• Main support below 1251.50 is at 1245.50
• S&P 500 ANALYSIS AFTER CLOSING BELL.
  
  

Nifty Daily Analysis

• Nifty has closed above the golden ratio 61.8%. Sustaining above this level can take it to 78.6% Fib level.
• Nifty continues to close above 5 day high Ema Showing Bull strength. 
• Bigger up move can happen once the 20 DMA does a bullish cross above 50 DMA.
• SILVER RESISTANCE LEVEL