September 29, 2013

  • 57 - 58 level has acted as resistance zone for EBAY as shown in the weekly chart. Daily chart shows indicators at overbought zone which may lead to a fall towards 50 - 51 levels again.
  • IWM Weekend update
  • S&P 500 Weekend update
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  • CISCO Testing crucial support levels in daily and weekly chart. 
  • Weakness on closing below 200 Day SMA. Strength on closing above 23.56.
  • IWM Weekend update
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  • IWM Daily chart with RSI shows negative Divergence and RSI Overbought. Daily also shows price in a range. Breaking below the range may take price towards the channel support line shown in last chart.
  • 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