As of 12/01/2023
Indus: 36,246 +294.61 +0.8%
Trans: 15,464 +445.25 +3.0%
Utils: 876 +9.25 +1.1%
Nasdaq: 14,305 +78.81 +0.6%
S&P 500: 4,595 +26.83 +0.6%
|
YTD
+9.3%
+15.5%
-9.4%
+36.7%
+19.7%
|
 34,500 or 36,400 by 12/15/202314,500 or 15,800 by 12/15/2023 900 or 825 by 12/15/202313,700 or 14,450 by 12/15/20234,450 or 4,650 by 12/15/2023 |
As of 12/01/2023
Indus: 36,246 +294.61 +0.8%
Trans: 15,464 +445.25 +3.0%
Utils: 876 +9.25 +1.1%
Nasdaq: 14,305 +78.81 +0.6%
S&P 500: 4,595 +26.83 +0.6%
|
YTD
+9.3%
+15.5%
-9.4%
+36.7%
+19.7%
| |
|
34,500 or 36,400 by 12/15/202314,500 or 15,800 by 12/15/2023900 or 825 by 12/15/202313,700 or 14,450 by 12/15/20234,450 or 4,650 by 12/15/2023 | ||
Released 4/1/2022.
Below is a support and resistance quiz. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
Price has hit bottom and will rise. Where will it stop?
Red lines show where price stopped moving up to the right of the blue line and the green lines show where price found support moving down.
One way to predict where price will pause is to look for "mirrors." These are reflections across an imaginary line, such as the blue one drawn here. The two circles represent the left and right shoulders of a head-and-shoulders bottom. The valleys are mirrors of one another. By assuming another valley will appear at about the same price and distance from the head, you can plan your trades accordingly.
Mirrors also work with trendlines. The distance from the trendline to the peak is supposed to equal the decline after price punches through the trendline (and the reverse). It's not an exact science and it's the measure rule for trendlines.
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