Dow Jones futures chart

• Dow Jones futures 4 hour chart with support and resistance line.
• The index has given a break out. Now the closing should be near the high point of the day for this bullishness to sustain. 

The bearish gold

• The hour chart of gold suggest that the commodity is in a down trend.
• It is holding on to an important trend line break of which will lead to more fall in gold prices.
• Also see how the geometrical patterns show up in a stocks chart time and again.

Nifty weekly chart with stochastic

NIFTY WEEKLY CHART

• Nifty weekly chart with stochastic indicator.
• The indicator is in overbought zone and is yet to show any weakness.
• Index is also respecting the weekly trend line.
• A Break of the trend line coupled with a sell signal in stochastic should be a good place to go short.

Dow Jones futures hourly chart

• Dow Jones futures chart with support and resistance lines
• The index is trading near resistance line and it coincides with the presence of 50 hour moving average.
• Break of resistance with strong volume can push the index at least till 10250-10300.
• If gets resisted by the trend line and the moving average will go below 10100.

Nifty daily chart analysis

• Nifty is trading between its 5 day high and low ema for four days now. But the day range is expanding.
• The raising wedges support trend line may keep the index up for some time.
• It is still trading above its 20 day moving average and an important support line shown in the first chart.
• NIFTY'S CHANNEL BREAK TRADE
  

Dow Jones Hourly Chart

UPDATED CHART

• DOW JONES CLOSED NEAR DAY HIGH. IT HAS CAPTURED THE 50 DAY MOVING AVERAGE  AND CLOSED AT THE 50 HOUR MOVING AVERAGE.

• Dow Is trading below its 50 hour and 20 hour moving averages
• Unless the bulls put up a good fight all bounces will be sold off.

S&P 500 Trading below 20 DMA

• S&P 500 is trading below its 20 Day Moving Average.
• A daily close below this average will be negative for this index.
• Last two times the closing below 20 DMA has given good results for the bears.