The Technical View – The Lines in the Sand on World Indices that Determine Market Moves

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

This week we look at the world indices – the All Ordinaries, S&P500, FTSE100, the Nifty 50 and the Shanghai Composite.  On all these indices we take things back to basics, looking at the dynamic support and resistance that reveals when markets are ready to make a move.

While the market is in between these support and resistance levels, it is in “agreement” that this is the right price.  When they move outside these support and resistance levels, which they eventually do, it shows us that the market is ready for a different price to eventually be agreed upon, and these are our opportunities.

Check it out!

All Ordinaries2016_02_28_all ords

Shanghai Composite2016_02_28_shanghaicomposite

S&P 500

2016_02_28_SP500

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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February 28, 2016  Tags: , , , , , , , , ,   Posted in: The Technical View

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