December 18, 2015


  • Apple weekly chart shows a descending triangle pattern. It also looks like a Head and shoulders pattern. The right shoulder got resisted at 50 Week SMA. Now price is likely to test 104-105 zone which is a crucial support. For bigger correction this level must break on closing basis. 4 Hour chart shows immediate support level at 107.30
  • S&P 500 Futures after closing bell
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  • ES Daily chart is approaching crucial support zone and Round number near 2000 levels. For a bigger fall bears need to stay below 1980 - 2000 zone on closing basis. 



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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