The Technical View – Current Support and Resistance Levels on World Markets

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This week we look at the world markets, and follow up with the single bar trade that formed a bottom on the S&P 500.  Calling these short term bottoms is one thing (which we did, hallelujah), but actually trading them is another thing entirely.  We look at how some people might manage that trade, as it unfolds.  Brilliant stuff.

We also see why the dynamic Support and Resistance of trend lines works so well – especially against the alternative of straight horizontal support and resistance.

It’s all in the video, check it out!

All Ordinaries

07_All Ordinaries_Support and resistance

S&P 500

07_SP500_Single Bar Entry and Resistance

Shanghai Composite

07_Shanghai Composite_Support and Resistance

BSE 30

07_BSE30_Channel

I hope you have enjoyed this post.  Please leave a comment below!

Happy Trending,

– Dave McLachlan

More videos from the Technical View:

  1. The Technical View – Short Term Up Trends Confirmed, Where is Future Resistance?
  2. The Technical View – The Lines in the Sand on World Indices that Determine Market Moves
  3. The Technical View – “Short Squeeze”: How to Know When It’s A New Bull Move
  4. The Technical View – Current Markets Resemble 2008, But Where Are We In The Cycle?
  5. The Technical View – Current Support and Resistance Levels on World Markets

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January 31, 2016  Tags: , , , , , ,   Posted in: The Technical View

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