Thursday, 17 July 2014

ASX 200 again tests trend line drawn from 2010 and 2013 highs

Today the cash ASX 200 index briefly touched a new high for 2014, beating the level from late April. The futures did not touch a new 2014 high. My charts include all sessions trade through to the current European session.

Weekly chart shows the market again testing the trend line drawn from the 2010 and 2013 highs.


Daily. No new 2014 high here. Maybe in coming days? Perhaps, if the market can stay above 5500. Under that, and down we go again.



S&P 500 testing daily chart trend line support, breaking lower from hourly chart trend channel

Trade shown through to the current European session. I most recently illustrated the bigger picture in this post two days ago.

Daily


Hourly



Dow again turning lower from upper trend line of five month old bearish wedge?

Trade shown through to the current European session. I most recently illustrated the bigger picture in this post two days ago.