December 5, 2013

  • ES hour trend favors bears as it trades below key moving averages and trend lines.
  • GOLD Resistance zone

  • Crude oil daily chart shows price pausing at the falling resistance line. Price has managed to close above 50 Day SMA and 23.6% Fib level But it has to break and stay above the falling resistance line for extending this up move.
  • GOLD Resistance zone


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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