XJO 0.74% 8,285.2 s&p/asx 200

XJO Weekend Charting and Chat - 09 Feb 2018, page-46

  1. 9,494 Posts.
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    The support levels (the same three as the previous chart) are even clearer on the SP500:

    Screen Shot 2018-02-11 at 5.17.34 pm.png

    You've got a triple here - using different types of criteria.

    Horizontall support. A major moving average. And a break below a 2 Standard Deviation move.

    Triple supports are extraordinarily powerful.

    Anything can happen in the stock market, but triple supports based on different criteria rarely fail.

    RB
 
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