June 27, 2016

  • ES Daily consolidates below 100 and 200 Day SMA. 
  • One hour shows price testing the recent lows. 

  • Apple Month chart shows a Descending triangle kind of Price contraction. This pattern will be effective only if the long term trend line shown in month chart gets broken. Till the trend line stays apple bulls are safe.
  • For the short term strength for bulls only if price moves back above 50 Day SMA


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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