March 7, 2018

ES Charts before opening bell


  • ES daily stuck in a range between 2650 - 2790. 
  • 50 Day SMA is at the middle of the range. Yesterday this line acted as resistance. Bigger moves for bulls will not be possible till price stay below 50 SMA.


March 6, 2018

NIFTY Bear Flag and 200 Day SMA

  • Nifty bear flag breakdown. Normal target for this pattern is the length of the pole. But the presence of 200 SMA may help bulls to limit the damage. Bigger correction only if day starts to close below 200 Day SMA.
  • NIFTY Month bearish engulfing


March 5, 2018

ES One hour and 30 Minutes charts


  • first chart is the 60 Minutes time frame which shows levels for both bulls and bears.
  • 30 Minutes chart shows bulls trying to change direction. Price has to sustain above 30 minutes cloud for a bullish swing to happen.


NIFTY Chart update

  • Nifty daily chart shows price testing the support line of a bearish flag pattern. Even if price does manage a bounce from here its still in a bearish continuation pattern.
  • Crucial numbers in hour chart are 10324 for bears and 10376 for bulls.


March 4, 2018

Crude Oil Weekend update

  • Price testing crucial moving average line in Month time frame. Crucial swings for crude oil has happened from this line. Month candle is reacting bearishly from this line so if price falls below 100 SMA in Daily time frame then a bearish swing is possible. If daily continues to stay above 100 SMA then another attempt to break above the Monthly moving average line will happen.
  • ES Weekend update


NIFTY Weekend update

  • Month has a bearish engulfing pattern.
  • Week too has a bearish engulfing pattern which has done well so far.
  • Daily too is looking weak But remember all these noise is taking place above 200 Day SMA. One can make a great relation between the Monthly bearish engulfing pattern and the Daily 200 SMA. If bulls manage to keep price above 200 SMA then the bearish engulfing pattern will be ineffective. But if bears bring down price below 200 SMA the a bear market is possible with Month bearish engulfing at the Top. So bulls must at all cost defend 200 Day SMA. 
  • S&P 500 Weekend update


March 3, 2018

ES Chart Analysis after closing bell

  • ES Daily chart shows a bullish reversal candle at 100 Day SMA.
  • 30 Minutes chart is testing the cloud top again. But this time price structure is favouring bulls to break above the cloud.
  • Bulls need price to stay above 2700 levels to confirm strength. Weakness if price falls below 2670 levels.