S&P 500 Near the Weekly support line

• SPX about to hit the support line of the weekly wedge.
• Price staying below 200 DMA.
• If price gets support at the weekly trend line we will see a good bounce from this level
• Breaking the support line will favor bears.
• ES RANGE BREAKDOWN TRADE
  

ES in a range

CHART-II(UPDATED)

• Range Breakdown has given good profits for bears.

CHART-I

• ES 15 Minutes is showing a range of 1266 - 1285 with 1275 as the middle point.
• Breakout or breakdown may give good direction.

NIFTY Trend update

• Nifty hourly trend analysis
• price is staying below 50 Hour and 200 Hour moving average.
• Price staying below 50 Hour moving average will help bears to push prices down.
• Things will favor bears till price stays below 50 Hour moving average.

NIFTY Analysis

• Click the charts to enlarge.

SPY Trend Update

• 30 Minutes chart shows a smooth down trend in progress.
• Price closing above 50 period moving average in this time frame or cloud breakout can change the trend.
• AMAZON MOVING UP WITH NEGATIVE DIVERGENCE