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- Last Update: 25 September 2021, 10:50
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.
9/24/2021 Levels to Be Aware of
4537/4568 All-Time Closing High (9/2/21); All Time High (9/2/21); Weekly R2
4500/4512 Round Number; Weekly R1
4465/4480 Last Week High; Monthly PP; Prior High (4480)
4455 Last Week Close
4430/4440 Prior Hugh (4430); 10 DMA (declining); 20 DMA (declining); 50 DMA
4395/4414 Prior High (4395); Round Number; Weekly PP; Monthly S1
4338/4352 100 DMA; Weekly S1
4300/4306 Round Number; Last Week Low; Monthly S2
4230/4249 150 DMA; Prior High (4240); Monthly S3; Weekly S2
4190/4200 Breakout (4190); Weekly S3; Round Number
4120/4121 Double Bottom (4120); 200 DMA (close 8.1% above)
4090/4100 10% below $SPX High; Round Number
4060 Double Bottom (4060)
3980/4000 Breakout (3980); Round Number
3800 Round Number
3756 2020 Close (YTD +18.6%)
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