May 2, 2016

ES Support and Resistance levels

  • ES daily shows price staying below the crucial resistance zone around 2100. Daily also shows 50 and 200 Day SMA as crucial support levels.
  • 4 Hour chart shows rising support line. Weakness if price starts to stay below this line.
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May 1, 2016

Crude Oil Weekend Update



  • Crude oil week moves back to the cloud. price broke below the cloud when it was around 100. Now price may stall or a correction is possible from the current levels.
  • Daily chart shows price at possible channel resistance. MACD shows possible negative divergence developing. Now Crude bears need price to show some weakness here to confirm negative divergence.
  • Yen Vs US Dollar Weekend update
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Yen Vs US Dollar Weekend update USDJPY


  • Month of USDJPY is likely to hit 100 - 101 Levels for this breakdown. There could be bounces at 105 and 103 Levels which is likely to be small. If the Daily structure remains like what is shown above price is likely to hit the Monthly Target soon.
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April 28, 2016

Facebook Trend update

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  • Weekly chart shows a strong trend in place. Price moved above the weekly cloud when it was at 25. After that Price tested the weekly cloud just once. Major trend of the stock will not be tested till price stays above the cloud.
  • Daily chart shows good correction in favour of bears but Bulls continues to manage new high's. One such new high and much more is likely to be seen today.
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Nifty and S&P 500 at Resistance zone

  • Nifty and SP 500 Futures with similar charts. Both are testing crucial resistance level in daily time frame.  A big sell signal or a bigger breakout is possible from here. 
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ES Chart update


  • ES Daily continues to stay near the resistance zone at 2110
  • 4 Hour chart shows price above the immediate support zone of 2071.
  • So this range must resolve for bigger moves to follow.

April 27, 2016

Apple Charts with Targets for the correction

  • Weekly chart shows support at 92 levels But it can go lower if price decides to test the Monthly up trend line. Month up trend line is around 89 levels approximately.
  • Daily chart shows the failures of bulls to cross the 200 SMA and all this while the death cross was in effect.