S&P 500 Futures Hour chart analysis

FOUR HOUR CHARTS

• Bulls shall try to keep the price above 1206.75 level for continuing this up move.
• Price is retesting the resistance line of the triangle from which it gave a breakout. If price falls into the triangle pattern that will be bad news for bulls.
• Four hour chart also shows a bearish flag like consolidation after the big fall. Mostly these type of patterns that accours after a big down move gives a bearish breakdown.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

SILVER Triangle pattern

UPDATED CHART

• Silver triangle mentioned below has given a breakout on the upside. But the resistance of 41.74 is not taken out yet. This has to be crossed by bulls of silver to extend this up move.

CHART-I

• Silver is still inside the range 39.98 - 41.74
• But price has formed a small triangle pattern within this range.
• Triangle breakout along with range breakout may give good direction.

Nifty intraday Update

CHART-I

• Nifty four hour chart is finding resistance at 50 Hour moving average.
• 5 Minutes chart shows the range.
• Price sustaining above 5000 will make the bulls stronger.
• Weakness only if price stays below 4927

NIFTY Four Hour chart Analysis

• Nifty Four hour chart with ichimoku cloud shows price staying above the cloud which favor bulls.
• Price also need to move above 50 Period moving average in this time frame which will strengthen this up move.
• Price staying below 50 Period moving average will be negative.

NIFTY Daily Analysis

• NIFTY has given a good relief rally for bulls.
• But one of the biggest gaining days has given an average volume candle. 
• Price has to close above 5 day high ema for follow up strength which may then target 20 day moving average.
• MACD lines are converging so nifty bulls may get some more points out of nifty if it manage to give a buy signal.
• We saw Positive divergence developing on friday which lead to this bounce: NIFTY POSITIVE DIVERGENCE
• S&P 500 ANALYSIS AFTER CLOSING BELL
  
• GOLD RESISTANCE LEVELS
  
• CRUDE OIL TRIANGLE BREAKOUT
  

S&P 500 Analysis after closing bell

• S&P 500 Closed above its 20 day moving average.
• Price gave a breakout from the triangle pattern. But price has to sustain above 1208 levels for the triangle to give good profits for Bulls.
• S&P 500 Fib levels shows price closing above 38.2% Fib level. If this level is protected then SPX may move towards its 50 Day Moving Average and 61.8% Fib level. Which is approximately near 1250 levels.
• GOLD RESISTANCE LEVELS
  

GOLD Chart Analysis

• GOLD reversal could not sustain above 200 Hour moving average.
• Four hour chart shows resistance at 1814 to 1828 levels.
• CRUDE OIL TRIANGLE BREAKOUT
  
• SILVER RESISTANCE LEVEL
  
• MSFT BUY SIGNAL