May 21, 2015

  • ES one hour and 4 Hour chart shows bulls hanging on to crucial support resistance zone. Bears need to close below this zone for bigger correction to follow.

  • Price is moving up steadily but its approaching crucial resistance zone 8505 - 8550. Immediate support zone is at 8332 level.
  • RSI is has not reached overbought zone and price too yet to shown bearish price action.


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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