Wednesday, October 7, 2020

10 Powerful Technical Chart Formations [PDF]

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 28226.24 +453.48 +1.62%
NASDAQ Composite 11281.55 +126.95 +1.13%
S&P 500 3406.48 +45.53 +1.34%
SPDR S&P 500 339.64 +4.71 +1.38%
iShares Russell 2000 ETF 159.8250 +3.2050 +2.09%
U.S. STOCK INDEXES

December S&P 500 e-mini futures: Prices are firmer in early U.S. trading. Bulls still have the firm overall near-term technical advantage. The shorter-term moving averages (4-, 9- and 18-day) are bullish early today. The 4-day moving average is above the 9-day and 18-day. The 9-day is above the 18-day moving average. Short-term oscillators (RSI, slow stochastics) are neutral to bullish early today. Today, shorter-term technical resistance comes in at 3,400.00 and then at this week's high of 3,421.75. Buy stops likely reside just above those levels. Downside support for active traders today is seen at this week's low of 3,330.50 and then at 3,325.00. Wyckoff's Intra-day Market Rating: 5.5

December Nasdaq index futures: Prices are firmer in early U.S. trading. Shorter-term moving averages (4- 9-and 18- day) are neutral early today. The 4-day moving average is below the 9-day. The 9-day average is above the 18-day. Short-term oscillators (RSI, slow stochastics) are neutral early today. Shorter-term technical resistance is seen at 11,400.00 and then at this week's high of 11,524.50. On the downside, shorter-term support is seen at this week's low of 11,197.50 and then at last week's low of 11,140.25. Wyckoff's Intra-Day Market Rating: 5.5.





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