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Technical Analysis: Indexes Push Long-Term Resistance

Published by: smith 2008-11-21

A quick look at the weekly charts today. The Dow, S&P and Nasdaq (first three charts below) are all hitting long-term downtrend lines here. If they can push through — in a climate of rising interest rates and oil prices, at the weakest time of year historically — we'd be impressed. Back to the daily charts. The Nasdaq (fouth chart) has major support at 1912 and 1903, and resistance is 1926, 1933-1940, 1950 and 1960. The S&P (fifth chart) may be forming a broadening top here. Resistance is 1132, 1135, 1140 and 1147, and support is 1125-1126, 1120 and 1117. The Dow (sixth chart) has resistance at 10,260-10,270, 10,295 and 10,320, and support is 10,220, 10,200, 10,187 and 10,121.

Forex Analyst Commentary - JAN 23 2008 07:30 PM - Forex TV::
yesterday_ s test of resistance at the rising trendline since Technical Analysis. Forex TV Blogs. Major World Indexes. Commodities. Long-Term Forecasts
http://www.forextv.com/Forex/Commentary/ShowStory.jsp?id=14121
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EURUSD daily outlook - Friday 04.18.2008 - By Liviu Flesar::
long-term : bullish, mid-term : bullish, short-term : slightly Technical. Forex Technical Analysis. Indexes Technical Analysis. Signals. Futures
http://www.forexpros.com/analysis/technical/eurusd-daily-oy-04%252018%25202008-6182
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Tucker Report Blog Archive Stocks sharply lower::
Technical Analysis and Daily Market Timing of Stock Indexes, Precious Metals, and more The cash Dow went right up to the declining long term trend channels.
http://tuckerreport.com/2008/02/29/stocks-sharply-lower/
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