October 9, 2016

  • ES weekly chart shown with crucial support resistance zone at 2100 - 2110. Price for now is above this level. Bulls will remain strong as long as price stays above this level. Weekly close below 2100 May lead to bigger weakness.
  • Daily chart for now is stuck between 50 and 100 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