November 28, 2013



  • Facebook daily chart shows price taking support near 100 day SMA. No bullish turnaround yet. A pause in falling on price trading above the falling resistance line, Strength only on trading back above 50 Day SMA.
  • Weekly chart is also trying to do a bullish reversal candle at 20 Week SMA. Candle closing at the current levels or higher would confirm a bullish weekly candle.
  • APPLE Chart analysis
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  • ES having taken support at previous resistance level is testing the recent high.
  • 100 Hour SMA and hourly cloud are crucial support for now. Bears need to close below these two levels for a possible fall to happen.
  • APPLE Chart analysis
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  • APPLE Daily chart shows price closing above the recent swing high. Weekly chart shows price moving away from 100 Week SMA. Apple bulls need a weekly close above 545 which is the 50% Retrace level, this will also lead to a Monthly close above 20 Month SMA which will favor bulls of Apple in December.

  • ES one hour chart shows price near 100 Hour SMA. For bears of ES need a close below this line and 23.6% Fib level for a possible correction to happen. 
  • Sustaining above this level may lead to newer high's.
  • GOLD Chart update
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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