February 7, 2014


  • ES nearing the apex of a contraction pattern as shown in first chart. Bigger move can be seen once price breaks one of these lines. For now bulls have the upper hand as price sits above 200 Hour SMA. Bulls must protect 200 Hour SMA for a bigger up move to happen.



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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