• 749 days Will The ECB Continue To Hike Rates?
  • 750 days Forbes: Aramco Remains Largest Company In The Middle East
  • 751 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,151 days Could Crypto Overtake Traditional Investment?
  • 1,156 days Americans Still Quitting Jobs At Record Pace
  • 1,158 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,161 days Is The Dollar Too Strong?
  • 1,161 days Big Tech Disappoints Investors on Earnings Calls
  • 1,162 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,164 days China Is Quietly Trying To Distance Itself From Russia
  • 1,164 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,168 days Crypto Investors Won Big In 2021
  • 1,168 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,169 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,171 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,172 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,175 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,176 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,176 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,178 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Charts and Commentary

In spite of the market moving down, the Indexes are still holding some important support levels as we will see today.

First, the DOW. Note its price chart. Yesterday, the DOW exactly hit a Major Support Level and then bounced up at the end of the day. *** This leaves open the possibility for the DOW to move up to its previous all time high.

The Transportation Index is below, and its pullback in the last few days didn't even take it to its support line. Technically, the Transportation Index is still in its up trend.

In our last chart, we'll look at the Russell 2000 index.

In the past few days, it broke its Rising Wedge to the downside which is negative.

However, yesterday, the Russell dropped down to a support level as seen on the chart.

This becomes an important level for it not to break to the downside and an opportunity for a bounce up from here.

 

Back to homepage

Leave a comment

Leave a comment