As of 07/01/2022
  Indus: 31,097 +321.83 +1.0%  
  Trans: 13,289 +132.53 +1.0%  
  Utils: 993 +23.33 +2.4%  
  Nasdaq: 11,128 +99.11 +0.9%  
  S&P 500: 3,825 +39.95 +1.1%  
YTD
-14.4%  
-19.4%  
 +1.2%  
-28.9%  
-19.7%  
  Targets    Overview: 06/29/2022  
  Up arrow32,300 or 29,900 by 07/15/2022
  Up arrow14,000 or 12,500 by 07/15/2022
  Up arrow1,000 or 925 by 07/15/2022
  Up arrow12,100 or 10,750 by 07/15/2022
  Up arrow4,000 or 3,700 by 07/15/2022
CPI (updated daily): Arrows on 6/23/22
As of 07/01/2022
  Indus: 31,097 +321.83 +1.0%  
  Trans: 13,289 +132.53 +1.0%  
  Utils: 993 +23.33 +2.4%  
  Nasdaq: 11,128 +99.11 +0.9%  
  S&P 500: 3,825 +39.95 +1.1%  
YTD
-14.4%  
-19.4%  
 +1.2%  
-28.9%  
-19.7%  
  Targets    Overview: 06/29/2022  
  Up arrow32,300 or 29,900 by 07/15/2022
  Up arrow14,000 or 12,500 by 07/15/2022
  Up arrow1,000 or 925 by 07/15/2022
  Up arrow12,100 or 10,750 by 07/15/2022
  Up arrow4,000 or 3,700 by 07/15/2022
CPI (updated daily): Arrows on 6/23/22

Bulkowski's Support & Resistance Quiz

 

Released 3/30/2022.

SAR: Quiz

Below is a slider quiz, but this one reviews support and resistance. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.


1 / 4
chart pattern

Price is about to change direction. Where will it pause and where will it reverse? Answers on the next page. And do you see any chart patterns?

The answer is on the next slide.
2 / 4
chart pattern

Point A is where the prior chart left off.

I drew red lines below the valleys and green lines above the peaks from the right to left of the June falling wedge. After the lift off in June (A), price moved up in a straight-line run before encountering overhead resistance at the circled regions. Price then dropped to find support at the lowest red line on the chart, a line that cuts through the top of the descending triangle peaks in October 2004 through January 2005.

More on the next slide.
3 / 4
chart pattern

Price is about to drop. Where will the decline stop? Where will is pause?

The answer is on the next slide.
4 / 4
chart pattern

I think the congestion region in Nov-Dec was formidable enough to slow or even stop a downtrend and that's what happened in mid March (circled regions). Red lines represent turning points below (valleys) and green lines highlight peaks to the right of the blue line.

The lines show the price level where price might pause or turn in the future.

The End.

See Also

 
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