- Apple Month has a possible Top in place. This will be confirmed only if Month closes below 165 levels.
- Weekly chart shows bulls struggling to stay above 174 levels. Another fall from the current levels may result in bigger correction.
- For bulls price must get back and sustain above 174 levels to avoid weakness.
- Nifty Month and Week shows bulls fighting back.
- Bears looking at a possible head and shoulders pattern. Right shoulder is almost done. Bears need correction to start from next week for the pattern to be perfect.
- Bulls tried to move out off the 4 hour contraction, But failed and back into the pattern again.
- Daily continues to show stiff resistance around 2660 levels. Too many failures around here may result in another fall towards the lows.
- ES 4 Hour chart shows a triangle contraction.
- Daily chart has resistance near 2660 levels.
- Bulls continue to hold above 200 SMA. For now the pattern looks advantage bulls.
- Daily chart stands around 20 Day SMA.
- One hour too is nearing apex of contraction. Big move is likely to happen in one or two days.
- Crude bulls managed to hold on to the rising support line in daily time frame. Looks like another visit into the resistance zone at 66.60 is likely
- Month chart shows another test of 200 SMA. Price most likely to move away from this crucial moving average during this month. One has to wait and see if its going to breakout or get resisted at this moving average.
- Bullish consolidation continues to be valid. Weakness only if price falls below 2585 levels. Strength if price sustains above 4 hour cloud.
