Monthly Archives: November 2012

U.S. Treasury 10-Year Note chart analysis

Ascending Triangle pattern for the U.S. Treasury 10-Year Note
Ascending Triangle pattern for the U.S. Treasury 10-Year Note identified on the one year bar chart.  This pattern is most often bullish.  A breakout above the upper line completes the pattern.

U.S. Treasury 10-Year Note 1 year Daily Bar Chart

Always trade in the direction of the prevailing trend: the major trend is down, the intermediate trend is sideways and the near-term trend is up. The ascending triangle pattern identified in the above chart of the U.S. Treasury 10-Year Note is usually bullish. A breakout above the upper line around 1.900% completes the pattern. A break below the upward sloping lower line would indicate the pattern has failed.Then there would be a test of near-term support at 1.600% and a possible test of major support at 1.400%.

Reference the last chart analysis for this U.S. Treasury.

Reference the last chart analysis for the S&P 500 Index.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

A dismal three year performance for the TSX Index

Major trend is sideways for the TSX Index
A three year weekly chart for the TSX Index showing the lateral trading band.

TSX Index 3 Year Candlestick Chart

Reference the last chart analysis for the TSX Index based on the daily chart which highlights the intermediate lateral trading band.

Compare this chart for the TSX Index to the three year chart for the S&P500 Index: what a difference.

______________________________

Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

S&P 500 Index candlestick chart analysis

Near-term trend is down for the S&P 500 Index
Candlestick chart analysis for the S&P 500 Index showing support and resistance levels.

S&P 500 Index 3 Year Weekly Chart

Reference the last chart analysis for the S&P 500 Index based on the daily chart.

______________________________

Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca