December 6, 2013

  • Silver continues to trade below the resistance levels of  4 Hour time frame. Silver bulls need a daily close above 20 Day SMA for a bigger bounce to happen.

  • gold continues to trade below the resistance zone discussed earlier.
  • 4 Hour cloud and 20 SMA of daily chart too is acting as stiff resistance levels. Gold bulls need a daily close above 20 Day SMA for a possible pullback to happen.

  • Daily chart shows price nearing resistance levels like Upper bollinger band and 50 Day SMA. Weekly chart shows a bullish candle at 20 Week SMA. Bullish weekly candle may lead to bigger moves. FB bulls may gain strength on closing above 50 Day SMA.
  • APPLE Analysis after closing bell

  • Weekly chart shows price nearing the Golden ratio which is around 583. Second chart is weekly line chart with crucial numbers between 572 - 585. Finally the daily chart has started to diverge negatively, Price is yet to show weakness. 
  • ES Trend 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