S&P turns on resistance.
S&P 500 on the mean on this 27-year chart. If it
breaks, next resistance would be at around 2,900.
Valuation of the S&P is right on the long
term trend. More likely to go up than down at this
on resistance is ominous. If it breaks, next resistance at 18,400.
Long term the Dow is right on its 20 year
batch of new highs converges with the recent turn on
Channel in pink has been containing Europe for more than a
Similar pattern for EFA: slow bearish channel
for a year and a half.
Euro has a chance of bottoming if it closes at
1.16 or above.
Resistance at around 0.79 to .8.
Good bottom on possible support
reverses the bearish trend in grey. Resistance in
Nice turn on monthly support and
breakout from orange channel. Good chance that oil has
bottomed. But there is resistance at 1,250. Let's
see what happens there.
Double resistance in black and
orange poses a formidable obstacle.
Nice break out from black channel.
Support at 34.
Resistance at 1,300. Right shoulder
scenario in pink. Nice
bottom in green.
Nice bottom in green. Larger
bottoming scenario in pink.
Emerging markets etf: resistance in
pink is strong.
Resistance at 22,000, on the pink
channel resistance. Green resistance at 23,000,
Nice turn on good
support in orange on the long term log chart.
The Hang Seng PE
got pretty close to historical low at
around 8. Only three times in 30
years has it been so low.
SET has encountered
resistance in pink. If it doesn't break
through the 1,420 mark, expect a right
shoulder scenario with a fall back to who knows
where? Support at 1,350 and then
Good turn on support at 1,300.
Reversion to the 19-year mean would take the
index to around 1,600.
Turn on resistance at 500 is a bit of an obstacle. Support
Target is as good as done. Two bottoming
scenarios in pink and green. Anyone's guess which is more likely.
Nice bottom in pink and support on the
neckline at around 258.
Nice bottom with neckline just under 13,000.
Let's see if it holds.
Nice bottom for energy in green. But the
channel resistance has to break within a week or two. Volume
attending the bottom is good, building up since
Nice bottom suggests that the baht is set to
appreciate in the coming months.
But there is strong resistance on the long term chart in
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