March 25, 2017

  • ES Month chart continues to look good for Bears. If closes like this or lower could lead to a Pause or correction in the following months.
  • Daily chart is testing 50 Day SMA. Closing below this line can lead to further weakness.
  • Immediate resistance zone is shown in 4 hour chart. Bulls need to close above this zone for further up moves to follow.


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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