October 14, 2016

  • Daily bears unable to close below 2120 zone.
  • Bears for now has manged to stay below 100 SMA. More weakness if price continues to stay below this line.
  • Weekly chart continues to show strong support near 2100 zone. The overall structure will remain bullish if price sustain above 2100 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