July 2, 2013

 
  • Apple daily chart testing 20 Day SMA.
  • Second chart shows price near crucial fibonacci levels.
  • Last chart shows Apple in a broad range. Price closing above 421 levels on closing basis may extend this up move.



 
  • ES one hour near support levels of 100 Hour SMA and Hourly cloud. Sustaining above these levels may lead to an up move.
  • 4 Hour chart shows price unable to sustain above Golden ratio and 100 Period SMA. Bulls must cross these levels and sustain for a bigger up move to happen



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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