January 15, 2016

 
 
  • Last chart shows price unable to sustain above 100 Hour SMA. No strength till price stays below 200 Hour SMA.
  • Hour close below 1860 level may lead to bigger falls.

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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