February 24, 2013

CITIGROUP Weekend update


  • First chart the daily time frame of C shows a false breakout which usually ends up giving a good trade on the opposite side.
  • Here 50 Day SMA may give support for bulls. Bears must break this level for targeting the GAP shown in the first chart.
  • Higher time frame shows weakness at 78.6% Fib level. Bulls must cross this level to negate the weakness of daily time frame.
  • SPX ANALYSIS AFTER CLOSING BELL
  • APPLE WEEKEND UPDATE
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