Tag Archive for Support And Resistance

For Bulls and Bears, It’s Now Or Never

Wednesday’s action was a mirror image of Tuesday, except that the underlying technical indicators were stronger than the market averages on both days. The market still has to clear resistance and generate 13 week cycle buy signals to confirm that it is out of danger on the downside. Follow the money. Find the profits!Liquidity is…

Chop and Slop

The market found its footing on Wednesday, establishing that the 1350-60 area is now support. Resistance is now indicated immediately overhead. That could lead to development of a short term trading range. But what about after that? Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually…