February 10, 2014

  • Gold chart approaching 200 Day SMA.
  • Price testing 38.2% Fib level.
  • Weekly chart above has broken above 20 Week SMA.  Gold bulls need to breakout and close above 200 SMA for a bigger up move to happen.

  • ES 4 hour chart shows price testing resistance zone.
  • Price is nearing the Golden ratio.
  • Need to breakout above this zone for targeting the 1840 levels again.
  • IWM Weekend Update
  • SPY Weekend update

  • Apple daily chart shows price testing the result GAP.
  • Daily chart also shows price facing confluence of resistance at 524 levels in 50% fib level and 100 Day SMA.
  • Weekly chart shows crucial resistance level at 20 Week SMA. Apple bulls need a weekly close above Middle bollinger band for a bigger up move to happen.
  • IWM Weekend Update
  • SPY 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