January 16, 2016

  • Moving average crossovers in Month Time frame has given good results for bulls and bears as shown 1st chart. Month time frame is getting ready for a Bearish Crossover. 
  • Second chart shows crucial support zone around 1880, Bears will remain strong below this zone.
  • One hour chart shows price in a trending phase below the cloud.


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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