Comments on: US Equity Markets At Key Resistance Levels https://rightsideofthechart.com/us-equity-markets-at-key-resistance-levels/ Stock Trading, Investing & Market Analysis Tue, 24 May 2016 18:54:48 +0000 hourly 1 https://wordpress.org/?v=7.0 By: snp https://rightsideofthechart.com/us-equity-markets-at-key-resistance-levels/#comment-1638 Tue, 24 May 2016 18:54:48 +0000 http://rightsideofthechart.com/?p=171521#comment-1638 @getitriight that didn’t take long

]]> By: GetItRiight https://rightsideofthechart.com/us-equity-markets-at-key-resistance-levels/#comment-1637 Tue, 24 May 2016 15:27:43 +0000 http://rightsideofthechart.com/?p=171521#comment-1637 I think the Qs are going to march higher until the Apr 28 reaction high of 108.33.

]]> By: rsotc https://rightsideofthechart.com/us-equity-markets-at-key-resistance-levels/#comment-1636 Tue, 24 May 2016 15:09:30 +0000 http://rightsideofthechart.com/?p=171521#comment-1636 In reply to Kstellish.

Yes, looks like the breakout is valid, quite possibly a trend day in progress. Certainly near-term bullish if this move sticks but I’ll have to assess the charts just before or after the close as this market has been acting quite unusual lately so anything can happen today & over the next few sessions.

]]> By: Kstellish https://rightsideofthechart.com/us-equity-markets-at-key-resistance-levels/#comment-1635 Tue, 24 May 2016 14:51:41 +0000 http://rightsideofthechart.com/?p=171521#comment-1635 Would take quite a reversal on the 60min to pull this back under. Poised to stay above.

]]> By: GetItRiight https://rightsideofthechart.com/us-equity-markets-at-key-resistance-levels/#comment-1634 Tue, 24 May 2016 14:23:59 +0000 http://rightsideofthechart.com/?p=171521#comment-1634 The guy from Pivot Point Trading, whose Youtube videos I watch from time to time, was of the opinion that Nasdaq will close the gap to the 5000 level, before starting its move much lower. This could be the start of that push upwards.

]]> By: GetItRiight https://rightsideofthechart.com/us-equity-markets-at-key-resistance-levels/#comment-1633 Tue, 24 May 2016 14:19:27 +0000 http://rightsideofthechart.com/?p=171521#comment-1633 This looks like another one of those ‘whatever’ rallies, with no news to back it up.

]]> By: rsotc https://rightsideofthechart.com/us-equity-markets-at-key-resistance-levels/#comment-1632 Tue, 24 May 2016 14:17:49 +0000 http://rightsideofthechart.com/?p=171521#comment-1632 Keep in mind, as posted in the trading room, these are 60-minute charts so best to wait for at least a 60-minute candlestick close above or below this recent trading before taking action (buying/selling/shorting/covering) in order to minimize the chances of positioning on a whipsaw/false breakout.

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