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- Last Update: 18 December 2018, 18:48
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.
12/14/2018 Levels to Be Aware of
2941 All-Time High (9/21/18)
2931 All-Time Closing High (9/20/18)
2920 Monthly R2
2900 Round Number
2864 Sep 2018 Low
2840 Monthly R1
2817 Reaction High
2796/2802 Aug 2018 Low; Round Number; 100 DMA (declining)
2786 38% Retracement from Feb 2018 Low to $SPX High; 150 DMA (declining)
2759/2765 200 DMA (declining; close 5.8% below)
2730/2737 50 DMA (declining); Monthly PP; 50% Retracement from Feb 2018 Low to $SPX High
2725 Weekly R2
2692/2700 Jun 2018 Low; Round Number
2682/2685 Jan 2018 Low; 20 DMA (declining); Last Week High
2674/2676 2017 Close; 10 DMA (declining)
2656/2663 Monthly S1; Weekly R1
2642 62% Retracement from Feb 2018 Low to $SPX High; 10% Pullback from $SPX High
2622/2631 Weekly PP; Nov 2018 Low
2600 Last Week Close; Round Number
2583/2595 Last Week Low; Mar 2018 Low; May 2018 Low
2551/2560 Monthly S2; Apr 2018 Low; Nov 2017 Low; Weekly S2
2520/2533 Oct 2017 Low; Weekly S2; Feb and 2018 Low
2500/2506 Round Number; Weekly S2
2472 Monthly S3
2447/2458 Sep 2017 Low (16.9% below $SPX High); Weekly S3
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