January 25, 2016

  • Crucial for bulls to hold above 200 Hour SMA. For bears they need to keep price below 4 Hour cloud to resume the fall.
  • Daily line chart shows price yet to decide on the next big move. price moving around the support zone as shown in chart 2.
  • ES for now is sustaining above 200 Hour SMA.
  • Price having moved above Ascending triangle is approaching resistance levels at 1907 and 1927.


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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