The Dow (first chart below) found support at a nice rising trendline this morning. That line can be found at roughly 8475 for tomorrow. Resistance is 8650 and 8750-8800. The S&P (second chart) faces strong resistance at 915 and 925, and has strong support at 880-885. The Nasdaq (third chart) has support at 1361-1367 and 1320, and resistance is 1400 and 1426. The Nasdaq 100 (fourth chart) has support at 1014 and 1000, and resistance is 1050. One negative today is that the VIX (fifth chart), the options volatility index, fell hard, showing some complacency, but the equity-only put-call ratio held up well at .70, showing some skepticism there.
MarketScreen.com - Technical Analysis from A to Z:: later, investors were willing to trade with the Dow near 2,500. then bounce back above the support level leaving the bears out of the market (see Figure 15) http://www.marketscreen.com/help/AtoZ/default.asp?hideHF=&Num=9HOME |
Beginners Tutorials - Forex Trading, Currency Forecast, FX Trading :: Technical Analysis III: Support and Resistance. Beginners Tutorials technical levels are often misleading signals, but quick bounces off support can http://www.actionforex.com/contentcategory/beginners-tutorialsHOME | RealMoney.com: Fitz Bits: Buying the Dips On Jacobs Engineering:: The stock continually goes down and bounces off support. That shouldnt stop now. Technical Analysis. Surveying the Dow Wreckage. 5/29/2008 10:49 AM EDT http://www.thestreet.com/p/_rmrss/rmoney/technicalanalysis/10418929.htmlHOME |
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Special report: For a free introduction to technical analysis and chart patterns, visit http://www.internetstockreport.com/guest/article/0,1785,2571_500051,00.html. Forex and Dow Jones Recommended Levels - Forex Trading, Currency :: Technical Analysis, Daily Forex Technicals, Forex and Dow Jones Recommended Levels EUR/USD Todays support: - 1.4492 and 1.4463(main), where correction is possible. http://www.actionforex.com/technical-analysis/daily-forex-technicnded-levels-2008021136713HOME |
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