Replies to post #1927 on Stock Incubator

[dalcindo]

Re: $INDU, $COMPQ, $NYA - WEEKLY, MONTHLY, DAILY Charts:

Significant resistance overhead for most large indices.

- Dalcindo


$INDU - 10-Yr., Monthly Chart:


$INDU - 36-Mo., Weekly Chart:



$COMPQ - 36-Mo., Daily Chart:



$NYA - 10-Yr., Monthly Chart



QQQQ - Nasdaq 100 Trust - 60-Mo., Weekly Chart



QQQQ - ONEQ - 36-Mo., Weekly


- Dalcindo

[dalcindo]

Re: SPY and S&P 500's SML & MID - BEARISH


SPY faces significant resistance at upper border of bearish channel. Correspondingly, RSI weakens at that same level, where it fails to cross over its 60-level, suggesting heavy bearish pressure as this weeks concludes.

Regardless of the capitalization level of the S&P companies, this resistance appears to be endemic. For instance, notice how the WEEKLY charts of S&P 500's Small Caps ("$SML") and mid-caps ("$MID") below are heading towards same resistance.



SPY (S&P 500 SPDRs) - 36-Mo., Weekly Chart:



$SPX - $SML - 36-Mo., Weekly Chart:



$SPX - $MID - 36-Mo., WEEKLY Chart:


- Dalcindo