Heikin-Ashi and Fibonacci $SPY $SPX $DIA $DJIA

November 28, 2012

Multiple and independent indications for market resistance:

  1. Resistance #1: The reaction hits 50% of the segment September high – November low.
  2. Resistance #2: haDelta hit resistance area
  3. Resistance #3: The smoother haDelta and its short average turned at resistance

Conclusion: Charts don’t lie. Heikin-ashi helps to read them better.

 

Heikin-Ashi and Fibonacci $SPY $SPX $DIA $DJIA  11/27/2012

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