= 070 Daily Indicator (Trend) Review

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Lawrence Stanczak

Long Term: Bullish>2125; Intermediate Term Bullish>2180; Short Term Bullish>2200
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.

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000 Commentary

12/2/16 Levels to Be Aware of:

2247 - Monthly R1
2224/2235 - Weekly R2; Weekly R3
2213/2214 - All-Time Closing High (11/25/16); Last Week and All-Time Intraday High (11/30/16)
2208 - Weekly R1
2198/2200 - Weekly PP; 10 DMA; Round Number

2192 - Last Week Close

2182/2187 - Weekly S1; Last Week Low; Breakout Point
2171/2177 - Weekly S2; 20 DMA
2163/2166 - 100 DMA; Monthly PP
2155/2156 - Weekly S3; 50 DMA
2136 - 150 DMA
2125 - Post Election Low
2110/2117 - 200 DMA (close 3.9% above); Monthly S1
2100 - Round Number
2080 - Prior Support/Resistance
2044/2050 - YTD Breakeven; Prior Support/Resistance
2035 - Monthly S2
2000 - Round Number
1987/1992 - Monthly S3; 10% below $SPX High; Reaction Low for current move higher
1980 - Prior Support/Resistance
1900 - Round Number
1867/1883 - 2015 Low; 38% Retracement of rally from Nov 2012 Low to $SPX High
1810 - Feb and 2016 Low
1800 - Round Number
1779 - 50 % Retracement of Rally from Nov 2012 Low to $SPX High

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