Tag Archives: trendline

Technical Analysis S&P 500 Index

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Intermediate uptrend for the S&P 500 Index
Intermediate uptrend for the S&P 500 Index. Resistance levels identified on the daily chart.

S&P 500 Index 6 Month Daily Chart

Reference the last chart analysis for the S&P 500 Index published on June 8, 2012.

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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

Technical Analysis: Uptrend over for DJIA

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DJIA unable to break above the trendline
The current uptrend is over for the Dow Jones Industrial Average. It will either move into a consolidation zone or correct in the range of 10%

DJIA Daily Chart

The uptrend that started in October is over but this does not mean the index will suddenly go into a downtrend. There are three options for a trend: up, down and sideways. And there are three time periods for a trend: major, intermediate and near-term. The #3 is a ubiquitous number in technical analysis.

Reference the last trendline analysis for the Dow Jones Industrial Average.

Exxon grabs top spot from Wal-Mart in Fortune 500 ranking

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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

S&P 500 Index chart analysis

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S&P 500 holding above the upward sloping trendline
S&P 500 Index chart analysis showing the upward sloping trendline.

S&P 500 Daily Cahrt

Reference the last trendline analysis for the Dow Jones Industrial Average.

Relevant articles picked from the Web:

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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

DJIA Index: Breaking below the upward trendline

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The trendline is now the resistance point
Daily chart of the Dow Jones Industrial Average showing the upward sloping trendline. The trendline has been broken.

DJIA Index Daily Chart

Reference the last chart analysis for the Dow Jones Industrial Average posted on April 6, 2012 showing the projected retracement zone.

Relevant articles picked from the Web:

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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

TSX Index chart analysis showing the trendlines

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Can the TSX Index break the downward sloping trendline?

Chart analysis of the TSX Index showing the trendlines over the past year

TSX Index Daily Chart

The TSX Index has a negative technical profile. The intermediate trend is down and the index trades below the 50-day, 100-day and 200-day simple moving averages. And, the 50-day moving average is below the 100-day and 200-day moving averages. And, the TSX Index trades below the downward sloping trendline. Also, the RSI is trending down and is below 50. Resistance is at the 12,000 level with current support for the lateral band at 11,500. Major support is at the 11,000 level.

Reference my last chart analysis for the TSX Index based on the weekly chart.

The following are some current articles picked from the web:

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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.

© 2011 TradeOnline.ca