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- Last Update: 22 September 2018, 11:44
Support / Resistance Lines
The purpose of this list is to assess market trend and risk using Intermarket analysis of Commodities; Currencies; Bonds; and Stocks as well as Risk Appetite (VIX, CPC, Rato Studies, etc) and Foreign Markets. Nomenclature: Intermediate Trend (IT): 3 or more Months; Short Term (ST) generally 3 days to 3 weeks.
Version 2 has some added charts and has been restructured to make it easier to navigate to only those studies of interest. The series from 000 to 400 are relationship studies and 500 to 700 are candlestick charts of major indexes and ETF's. 000 - Commentary & Macro view; 100 - Commodities; 200 - Currencies; 300 - Bonds; 400 - Stocks; 500 - Candle Charts for Commodities, Currencies and Bonds; 600 - Domestic Stock Indexes; 700 - Foreign Stock ETFs.
How I use it: I review the entire series before the open and after the close. Once acquainted with the relationships in play I keep an eye on the components using the summary view during the trading day.
The purpose of this list is to make macro level calls I may cite trades I have put on or am considering as examples. These are not recommendations as that engenders a different series of charts and analysis.
I welcome all feedback, questions and recommendations. I am very open minded and enjoy the discourse as it helps me continually improve this list and my analysis.
9/21/2018 Levels to Be Aware of
2952 Weekly R1
2941 All-Time High (9/21/18); Last Week High
2931 All-Time Closing High (9/20/18)
2930 Last Week Close
2919 Weekly PP
2897/2902 Weekly S1; 20 DMA; Round Number; 10 DMA
2864/2871 Weekly S2; Last Week Low; Monthly PP
2857 50 DMA
2842 Weekly S3
2826 Monthly S1
2796/2800 100 DMA; Round Number
2786 38% Retracement from Feb 2018 Low to $SPX High
2759 150 DMA
2750/2751 200 DMA (close 5.9% above); Monthly S2
2737 50% Retracement from Feb 2018 Low to $SPX High;
2692/2706 Jun 2018 Low; Round Number; Monthly S3
2674/2682 2017 Close; Jan 2018 Low
2642/2645 62% Retracement from Feb 2018 Low to $SPX High; 10% Pullback from $SPX High
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