The Technical View – Trading the S&P 500 Single Bar Reversal, plus Big, Heavy Resistance Lines

This excerpt is for educational purposes only and is not to be interpreted as trading or investment advice.  See Terms Of Use here.

Last week we looked at how to find short term reversals on world markets – a great thing to look out for as markets like the S&P 500, All Ordinaries and Shanghai Composite are in Bear Market territory.

Lo and behold, this week we get just such a signal on the S&P 500, where the market started high, had a long range down and then closed on its highs again.

This video shows you how many people will trade these patterns, including stop losses and risk management as the trade evolves.  Pretty cool.

And of course, as we’ve been mentioning for months now, there is the big, heavy, overhanging resistance on all world markets that will stop any up moves in their tracks for a while to come.

Check out the video below!

S&P 500

06_SP 500_Single Bar Reversal

All Ordinaries

06_All Ordinaries Consolidation at Support

Shanghai Composite

06_Shanghai Composite_heavy resistance

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

January 24, 2016  Tags: , , , , , , , ,   Posted in: The Technical View

2 Responses

  1. Peter Vass - January 24, 2016

    Hi And welcome back.
    Just stumbled across your email in the junk folder.
    Loved your work when you started the website long ago.
    Is there a portfolio page like last time where you would document your trades.
    Cheers Peter

  2. David McLachlan - January 26, 2016

    Hey Peter,

    Thank you! I am tracking the trades in a trading system I use – which is based on the same method from then. Just started it in November when I came back… right in time for the bear market. Ha!

    Search for “Three Trading Systems” and it will come up. 🙂

    Happy trending,


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