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- Last Update: 4 July 2020, 8:55
Support / Resistance Lines
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%27s. 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.
7/3/2020 Levels to Be Aware of
3386/3394 All-Time Closing High (2/19/20); All-Time High (2/19/20)
3363/3367 Weekly R3; Monthly R2
3231/3265 2019 Close; Monthly R1; Weekly R2
3197/3200 Weekly R1; Round Number
3166 Last Week High
3130 Last Week Close
3099/3109 Weekly PP; Monthly R1; Round Number; 20DMA
3089 10 DMA (declining)
3055 10% Pullback from $SPX High
3023/3031 200 DMA 200 DMA (close 3.5% below); 150 DMA (declining); Weekly S1
3000/3003 Round Number; Last Week Low; 50 DMA
2966 Monthly S1
2932/2937 Weekly S2; 62% Retracement
2900/2917 Round Number; 100 DMA (declining)
2832/2865 Monthly S2; Weekly S3
2793/2800 50% Retracement; Round Number
2674/2700 2017 Close; Monthly S3; Round Number
2648 38% Retracement
2600 Round Number
2500/2507 Round Number; 2018 Close
2400 Round Number
2347 Dec 2018 Low (bottom of previous correction)
2300 Round Number
2192/2200 Low for this pullback; Round Number
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