Support & Resistance Report

[Mr Nasdaq]

The Many Aspects of Support & Resistance...

A wide variety of individual aspects of Support & Resistance are in common use by traders today.

I use the following list of individual aspects of Support & Resistance in my work.

When two or more individual aspects of Support or Resistance coincide (reside within 10 cents of one another) in order to form an area of concentrated Support or concentraded Resistance, it is then that I sit up and take notice.

That's because two or more individual aspects of Support or Resistance that coincide create a much more reliable trading opportunity than does an individual aspect of Support or Resistance that is standing alone.

The following 5-Minute Charts provide a visual representation of how the QQQQ honored its areas of concentrated Support and concentrated Resistance in recent days:





Individual Aspects of Support & Resistance:

From a Daily Chart:

20-Day Moving Average

50-Day Moving Average

200-Day Moving Average

Upper Bollinger Band

Lower Bolling Band

Daily High

Daily Low

Daily Close

Daily Pivot Points (S2, Pivot, R2)

Fibonacci Numbers

From a Weekly Chart:

20-Week Moving Average

50-Week Moving Average

Upper Bollinger Band

Lower Bolling Band

Weekly High

Weekly Low

Weekly Close

Weekly Pivot Points (wS2, wPivot, wR2)

10-Week Trading Band

From a Monthly Chart:

20-Month Moving Average

Upper Bollinger Band

Lower Bolling Band

Monthly High

Monthly Low

Monthly Close

Monthly Pivot Points (mS2, mPivot, mR2)

From a 'Point & Figure' Chart:

Double-Top Breakout (D-Top)

Double-Bottom Breakdown (D-Bot

Triple-Top Breakout (T-Top)

Triple-Bottom Breakdown (T-Bot)

Bullish Support Line (BSL)

Bearish Resistance Line (BRL)