- 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.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 2, 2016
ES Support and Resistance levels
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
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.
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.
April 27, 2016
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