= 060 Daily Indicator (Trend) Review

Lawrence Stanczak

Long Term: Bullish>2395; Intermediate Term Bullish>2420; Short Term Bullish>2445
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 candle 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.

000 Commentary

7/14/2017 Levels to Be Aware of

2476/2478 - Monthly R2; Weekly R1
2464 - Last Week High; All-Time High (7/14/17)

2459 - Last Week Close; All-Time Closing High (7/14/17

2445/2450 - Prior Resistance; Weekly PP; Monthly R1
2427/2434 - Weekly S1; Monthly PP; 10 and 20 DMA
2420 - Prior Support/Resistance; 50 DMA
2406/2413 - June 2017 Low; Last Week Low
2392/2401 - 100 DMA; Weekly S2; Round Number; Monthly S1
2376/2380 - Weekly S3; Prior Support/Resistance
2353/2355 - May 2017 Low; Monthly S2; 150 DMA
2322/2329 - Mar 2017 Low; Apr 2017 Low
2300/2307 - Round Number; Monthly S3; 200 DMA (close 6.6% above)
2270/2272 - Prior Support/Resistance; Feb 2017 Low
2239/2245 - 2016 Close; Jan 2017 Low
2215 - 10% Below $SPX High; 38% Retracement of rally from Feb 2016 Low to $SPX HighMore¬ 


This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.