November 4, 2011

  • ES Four hour chart sustaining above 50 SMA will favor bulls.
  • Last hope for bears is the Golden Ratio of the recent fall. 
  • Price sustaining above Golden ratio will give new highs. 

1 comment:

  1. .618 at 1257 is the fib of the 1370 to 1074 decline, a normal resistance. I still see 1292/93 double top coming. I dont have a confirmed sell signal, but that is where I expect to get it



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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore