As of 06/18/2024
  Indus: 38,835 +56.76 +0.1%  
  Trans: 14,898 -35.14 -0.2%  
  Utils: 909 -0.27 0.0%  
  Nasdaq: 17,862 +5.21 +0.0%  
  S&P 500: 5,487 +13.80 +0.3%  
YTD
 +3.0%  
-6.3%  
 +3.0%  
 +19.0%  
 +15.0%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024
As of 06/18/2024
  Indus: 38,835 +56.76 +0.1%  
  Trans: 14,898 -35.14 -0.2%  
  Utils: 909 -0.27 0.0%  
  Nasdaq: 17,862 +5.21 +0.0%  
  S&P 500: 5,487 +13.80 +0.3%  
YTD
 +3.0%  
-6.3%  
 +3.0%  
 +19.0%  
 +15.0%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024

Bulkowski's Torchmark (TMK) Quiz

Released 8/8/2022.

TMK: Quiz

Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.


1 / 5
chart pattern

If you can determine how far price is going to rise or fall, that’s worth big bucks. Price is about to rise. Where will it stall or reverse? Note: All slides in this quiz are on the weekly scale.

The answers are on the next slide.
2 / 5
chart pattern

The blue lines show overhead resistance turning/stalling points. The red lines are support areas. I drew the lines from the peaks or valleys to the right of the green line, extending to the left. The green line marks the prior chart from the new one. Price after the last bar on the right continues moving up, bounded by round number resistance (25, 30, 35, and so on).

More on the next slide.
3 / 5

chart pattern

How often does price stop at a peak or valley? I conducted a test to answer this question and found the following (see table).

Prior peaks or valleys stop price movement about a quarter of the time.

The next slide illustrates the results.
4 / 5
chart pattern

Price at point A, after the upward breakout from a head-and-shoulders bottom (LS, Head, RS) reverses when it meets resistance setup by a prior peak at B. Point C finds resistance at the valley D. Please note that I changed the graph to illustrate these points.

More on the next slide.
5 / 5
chart pattern

Please do not adjust your set! This is the same picture flipped upside down. It illustrates downward breakout support and resistance. Point A finds support at valley B. C finds support at the prior peak D. When I conducted the support or resistance test, the above is what I looked for. Support can become resistance and resistance can become support.

The End.

See Also

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