September 15, 2016

  • Daily chart shows price trying to stay above 100 Day SMA.
  • The round number of 2100 is crucial for bulls to defend. For the next big down move this level must go.
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  • Crude oil one hour chart shows price moving down in a bearish channel. Price is heading towards the recent swing low of 43.01. This level has to be held to avoid a bigger fall in crude oil.
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  • ES one hour charts with Immediate resistance levels.
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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