Wednesday, 4 September 2013

S&P 500 caught between trend line support and resistance

Daily chart. Which way will it break?

ASX 200 simply trending higher or forming a bearish wedge?

Daily chart

Nikkei testing trend line resistance

Daily chart.

Long term monthly chart shows the Nikkei is still in a long term down trend, rolling over lower now from trend line resistance.

GBP/USD testing trend line resistance

The possible Head and Shoulders top that I posted about yesterday has been shredded, and the GBP/USD has rallied to a test of trend line resistance.