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- Last Update: 21 June 2021, 11:31
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.
6/18/2021 Levels to Be Aware of
4276 Monthly R1
4240/4257 Previous High; All-Time Closing high (6/14/21); Last Week High; All-Time High (6/15/21)
4212/4227 20 DMA; Weekly R1; 10 DMA
4182/4200 50 DMA; Prior Breakout (4190); Weekly PP; Round Number
4166 Last Week Close; Monthly PP
4120/4135 Double Bottom (4120); Weekly S1
4095/4103 Monthly S1; Round Number; Weekly S2
4042/4060 Weekly S3; 100 DMA; Double Bottom (4060)
3980/4000 Breakout (3980); Monthly S2; Round Number
3913/3931 Monthly S3; 150 DMA
3875/3900 Breakout (3875); Round Number
3799/3830 200 DMA (close 9.7% above); Round Number; 10% Pullback from $SPX High
3756 2020 Close
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