January 26, 2016

  • ES 4 hour chart shows price putting up a bullish IHNS pattern. Bulls need price to sustain above 4 hour cloud and 1905 levels for a bigger bounce to happen.

  • Crude oil one hour falls back to 200 Hour SMA. Retrace levels shows price near 50 and golden ratio. If pauses here an up move possible. Crude bears need an Hourly close below 200 Hour SMA to retest the earlier lows.
  • ES Chart update


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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