March 14, 2017

  • ES 4 hour in a triangle pattern.
  • Price continues to stay below the cloud in 4 hour time frame which will keep bears interested. But bears need price to close below 2354 for bigger down moves to follow. Close above 2376 may take price back towards the recent high's
  • CRUDE OIL SUPPORT LEVELS
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  • If weakness persists Price likely to test the support line and 100 week SMA. These 2 levels are around 46 levels. If holds a bounce is likely from 46 levels. 
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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