Tag Archive for Resistance Levels

1500 A Good Bet In This Game, But First A Few Immunity Challenges

Cycle projections rose on Thursday and are now pointing toward the upper 1400 range. In the latter stages of a move projections tend to be less reliable than the earlier ones, which recently had mostly been in the 1420-1460 range. There are resistance levels below that. Here are the ones to look out for. Follow…

Market Wanting Higher Levels Faces Obstacles

A seasonally fudged gain of 80,000 in non farm payrolls missed consensus estimates by 10 or 20 thousand, depending on whose survey you like. That seems to be a non issue this morning. Technically, centered moving average projections point higher, but key resistance levels could short circuit the momentum. Follow the money. Find the profits!Liquidity…

Weight of the World On Bears’ Shoulders – Professional Edition

As the averages test the highs, major channel lines lie just above. If they get through those lines, the next resistance levels are significantly higher. The upturn would also result in a set of failed sell signals on a variety of intermediate indicators, typical of early stage rampaging bull markets. Bears have a lot on…