December 25, 2012

  • Daily chart nearing 200 Day SMA
  • Weekly chart falling from Ichimoku cloud with a bearish engulfing pattern.
  • Last chart shows price near 50% Fib level and 50 Day SMA.
  • SPX ANALYSIS AFTER CLOSE
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  • SPX 4 Hour chart shows price closing near the up trend line. Price sustaining above the 4 Hour cloud will keep the bulls interested.
  • Crucial support in daily chart are the 20 SMA and 50 Day SMA
  • EURUSD TREND 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