As of 11/28/2022
Indus: 33,849 -497.57 -1.4%
Trans: 14,145 -297.18 -2.1%
Utils: 962 -10.18 -1.0%
Nasdaq: 11,050 -176.86 -1.6%
S&P 500: 3,964 -62.18 -1.5%
|
YTD
-6.8%
-14.2%
-1.9%
-29.4%
-16.8%
|
 35,000 or 32,000 by 12/01/202215,300 or 13,400 by 12/01/20221,000 or 925 by 12/15/202211,850 or 10,400 by 12/01/20224,150 or 3,700 by 12/01/2022 |
As of 11/28/2022
Indus: 33,849 -497.57 -1.4%
Trans: 14,145 -297.18 -2.1%
Utils: 962 -10.18 -1.0%
Nasdaq: 11,050 -176.86 -1.6%
S&P 500: 3,964 -62.18 -1.5%
|
YTD
-6.8%
-14.2%
-1.9%
-29.4%
-16.8%
|
|
35,000 or 32,000 by 12/01/202215,300 or 13,400 by 12/01/20221,000 or 925 by 12/15/202211,850 or 10,400 by 12/01/20224,150 or 3,700 by 12/01/2022 | |
Released 4/1/2022.
Below is a support and resistance quiz. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
In the above chart, price is about to tumble. Where will it stop? Where will it pause before continuing on?
The red lines show support as the stock drops. The green lines show overhead resistance on the way back up. If you guessed nearly any price in the top half of the chart, you weren't far from a turning point.
This chart shows the round numbers in red (20, 30, 40, and 50) and green shows the 5s: 25, 35, 45 and 55. Notice how often price stalls near round numbers. The semi log scale is used.
Price is about to move up. Where will it stall or reverse?
The red lines show downward turning points, green lines show upward ones.
Red lines show round numbers in multiples of 10, such as 20, 30, 40. Green lines are the 5s, such as 25, 35, and 45. Notice how often price turns near round numbers.
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