October 2, 2013

 
 
  • ES Got resisted at 100 period SMA of 4 Hour time frame.
  • Crucial support at 200 period SMA. Bears must close below this level for a bigger down move to happen.
  • Last chart shows crucial fib levels which may act as support.

  • Silver one hour chart shows price having broken below the range is getting resisted at the bottom of the range. For silver bulls price must get back into the range for a possible up move to happen.
  • daily chart shows price moving around 100 Day SMA. Price should move away from 100 SMA on closing basis for a bigger move to happen. Weakness on closing the day below 20.54 and Strength above 22.06 levels.
  • GOLD Breakdown and Support levels
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  • Apple Daily chart moving up from 50 Day SMA.
  • Daily chart shows a Golden cross. Price must sustain above 50 and 200 Day SMA for the bullish cross to perform well. 
  • Daily cloud is acting as good support. Immediate resistance at 496.91. Price sustaining above the cloud may lead to a breakout above the resistance levels. Weakness on price closing below 50 Day SMA. 
  • GOLD Breakdown and Support levels
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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