Happy New Year! Perfect time to review longer term levels & lines.
ASX 200. Weekly chart, arithmetic scale. Testing resistance at parallel trend line.
S&P 500. Monthly chart, log scale. Testing trend line resistance.
Dow. Monthly chart, arithmetic scale. Testing resistance at parallel trend line.
Gold. Weekly chart, log scale. Still below resistance. Many are working a rally from an arithmetic scale wedge... could be, if it rallies above last week's highs, otherwise favour the down side... let's see.
Silver. Weekly chart. Arguably below resistance. I have been looking for Silver to bottom, but last week's weak close calls that in to question. We'll find out quickly in the New Year whether that weak close was shenanigans. Needs to beat last week's high for me to be bullish.
AUD/USD. Monthly chart. Failure to break the down down trend line, and to keep above the up trend line signals weakness. 70c a key level.
EUR/USD monthly chart. At key support. Below that, may need to test nearby lines.
Nifty weekly chart. Testing resistance.
Hang Seng. Below support.