September 11, 2011

  • Weekly support line of IWM.
  • For bears price need to violate and close below this support line.
  • Daily charts of major indices are showing bearish continuation patterns waiting for the support line to be broken.
  • Breakdown in daily chart may affect weekly chart too.
  • S&P 500 WEEKEND UPDATE

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My Favourite Quote

"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