November 21, 2016

  • First chart shows the resistance line. For the day this line is at 2188. For bulls need to stay above this line for a swift up move to follow.
  • Crucial support lines in hour time frame are 50 and 100 Hour SMA.
  • Crucial swing low in hour at 2176.
  • ES WEEKEND UPDATE
  • GOLD Weekend update
  • CRUDE OIL Weekend update
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  • Bank of America has crossed the weekly and Month resistance levels.
  • Daily chart shows Run away gaps.
  • Weakness if price falls below 19.40 levels. 
  • More Strength above 20.22.
  • Month Fib levels shows next resistance zone at 22.61 which is the 38.2% Fib level.
  • ES WEEKEND UPDATE
  • GOLD Weekend update
  • CRUDE OIL Weekend update
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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