August 5, 2015

  • The recent swing high made at 8654 near the golden ratio is crucial for bears to defend as long as that holds another big down move is possible. Price is trading in the bearish portion of a broad range. 8650 can be taken as the middle of the range and as long as price stays below it big bullish moves are not possible.


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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