September 23, 2016

  • Twitter Moves above 50 Week SMA.
  • Week candle if close near the High's will extend the bullish momentum towards the falling resistance line.
  • But the stocks major trend will remain bearish till price stay below the falling resistance line.
  • In the short term if week stays above 50 Week SMA then stock may target 28 levels.
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  • ES bulls managed to move above crucial resistance levels. Weakness only if price falls back below the levels mentioned. Staying above them Bulls may target 2180 levels again.
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  • 46 - 47 Levels area is acting as resistance for crude bulls. 
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"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