Bulls continue to push higher in the wake of the recent Dow Theory bull signal, with the S&P (first chart below) trying to break out of a multi-month trading range here. Forex Books Review » Blog Archive » Technical Analysis Explained :: “One of the best books on technical analysis to come out since Edwards and Magee ’s classic text in 1948…. Belongs on the shelf of every serious trader and http://www.easyforexbooks.info/forex-books-info/technical-analysis-explained-the-successful-investors-guide-to-spotting-investment-trends-and-turning-points.htmlHOME |
Resistance on the S&P is 1406 and 1435, and support is 1370 and 1360.
The Dow (second chart) has support at 12,743 and 12,530, and resistance is 13,000-13,100. technical analysis : MarketClub Trader’s Blog:: The Theory of Momentum & Lane’s Stochastic - George Lane. The Relative Strength Index Explained - Andrew Cardwell. Classic Technical Analysis as a Powerful http://club.ino.com/trading/tag/technical-analysis/HOME | Technical Analysis of the Slosson-Diagnostic Math Screener (S-DMS :: Technical Analysis of the Slosson–Diagnostic Math Screener (S-DMS). Bradley T. Erford. Loyola College in Maryland, berford{at}loyola.edu. Lauren Klein http://epm.sagepub.com/cgi/content/abstract/67/1/132HOME |
The Nasdaq (third chart) faces resistance at 2475, 2500 and 2530-2540, and support is 2391-2400, 2350 and 2330.
Finally, the dollar (fourth chart) is once again trying to bottom, but it hasn't put much of a dent in commodity prices yet (fifth chart).
Paul Shread is a Chartered Market Technician (CMT) and member of the Market Technicians Association.
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