Will the 200-day moving average provide support for the NASDAQ?
Three-Year Candlestick Chart for the NASDAQ
Markets losing streak smacks of a return to bear territory
Reference the previous analysis for the TSX Index.
Uptrend for the DJIA Index on the weekly candlestick chart
DJIA Index Three-Year Weekly Chart
Compare the DJIA Index to the previous chart analysis for the TSX Index.
Please visit the home page for the current charts.
Traders are focusing on key resistance at 1,330 for the S&P 500
S&P 500 Daily Candlestick Chart
The most important points from the above chart for the S&P 500 are:
- Resistance levels exist on all stock charts.
- The S&P 500 must break and hold above the 1,330 level on the candlestick chart.
- The new support level will then be 1,330.
- The reversal of resistance to support is an important concept in technical analysis.
Complete the advanced chart settings and then view the weekly chart for the S&P 500 on BigCharts.