November 14, 2014

  • ES 4 Hour with MACD Shows negative divergence. Price yet to confirm weakness for this Divergence.
  • Bears need price to close below 50 period SMA.
  • For now price is moving in a range.

  • TATA Steel trying to stay above 20 day sma.
  • Crucial resistance at 50 day sma.
  • Weak on closing below 460 and 20 SMA Which may test the support resistance zone shown in the weekly chart.


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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