= 060 Daily Indicator (Trend) Review

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Lawrence Stanczak

Long Term: Bullish>2270; Intermediate Term Bullish>2320; Short Term Bullish>2350
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

2/24/2017 Levels to Be Aware of

2373/2378 - Weekly R1; Weekly R2

2367/2368 - Last Week Close; All Time Closing High (2/24/17); All Time High (2/23/17)

2361 - Monthly R3
2353/2357 - Last Week Low; Weekly S1
2342/2349 - Weekly S3; Weekly S2; 10 DMA
2331 - Monthly R2
2319/2321 - 20 DMA; Low of two weeks ago
2300/2305 - Round Number; Monthly R1
2275/2288 - Monthly PP; 50 DMA; Prior Support/Resistance
2249 - Monthly S1
2249 - Monthly S1
2239 - 2016 Close
2219/2227 - Monthly S2; 100 DMA
2200/2207 - Round Number; 150 DMA
2193 - Monthly S3
2187 - Dec 2016 Low
2179 - 200 DMA (close 8.6% above)
2130 - 10% Below $SPX High
2100 - Round Number
2044/2055 - 2015 Close; Prior Support/Resistance
2000 - Round Number
1980 - Prior Support/Resistance
1979 - 38% Retracement of rally from Nov 2012 Low to $SPX High
1900 - Round Number
1867 - 2015 Low
1856 - 50 % Retracement of Rally from Nov 2012 Low to $SPX High
1810 - 2016 Low
1800 - Round Number

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