February 9, 2014

  • Weekly chart shows resistance at 38.2% fib level and 50 Week SMA.
  • Daily chart shows price hanging around 200 Day SMA.
  • Blackberry bulls need a big volume and price breakout above 200 Day SMA to extend this up move.
  • IWM Weekend Update
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  • SPY Daily chars shows price nearing multiple resistance levels.
  • Golden ratio and previous support resistance zone may act as resistances for spy bulls.
  • IWM Weekend 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