The Technical View – Short Term Up Trends Confirmed, Where is Future Resistance?

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This week we look at the world Indices, like the All Ordinaries, Shanghai Composite, S&P 500, FTSE 100 and the Nifty 50.

Almost in unison, world markets have confirmed their short term up-trends, with the pattern we described in the last few videos.  They are all also heading into their overhead resistance, projected from Trend Lines that have lasted over a year.

We look at where markets might consolidate, where the resistance is, and what it would take for a larger move.

Just secretly, I have a feeling this move will turn into an up move that could last the year.

Check it out!

All Ordinaries

2016_03_All Ordinaries Technical Analysis

Nifty 50

2016_03_NSEI Technical Analysis

S&P 500

2016_03_SP500 Technical Analysis

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

March 6, 2016  Tags: , , , , , , , ,   Posted in: The Technical View

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