Sentences with phrase «no key support levels»

Oil tests a key support level.

Gold traded near key support levels.

The Nasdaq 100, or NDX, has held above several key support levels, says Maley.

As long as the broad market avoids heavy distribution and leadership stocks continue holding above key support levels, we expect the current correction to be short lived.

Key support levels ahead for the latter index are 1,905, a 3 percent drop from Friday's close, and then 1,820, a violation of which «would alter the longer - term uptrend of the broader market.»

Now that we've seen heavy selling pressure in the broad market for the past two days, let's do an updated review of key support levels on the S&P 500 Index ($ SPX) and Nasdaq Composite ($ COMPQ):

Commodity currencies were hit hard overnight with the Australian dollar breaking below a key support level at $ 0.8983 to reach a six - month low of $ 0.8951.

That probe below two key support levels (which shakes out the «weak hands») was followed by yesterday's heavier than average volume rally above the two - day high.

The idea is that once these stocks begin cracking below key support levels, institutions have no choice but to start unloading shares, thereby adding to the bearish momentum and making for some violent moves to the downside.

With all of the majors holding up above key support levels, the overall bullish picture is still dominant, and the rally will likely continue in the coming weeks, with the long - term charts still supporting further gains in most cases.

Key support levels are still found at $ 4000, near $ 3800, $ 3500, and $ 3150.

Now that we've seen heavy selling pressure in the broad market for the past two days, let's do an updated review of key support levels on the S&P 500 Index ($ SPX) and Nasdaq Composite ($ COMPQ): Price action was horrible on the S&P 500 on Friday (May 4), as it gapped down, trended steadily lower intraday, -LSB-...]

The 2450 - 2550 area remains a key support level for the index after testing and holding the 200 - day moving average.

Historically, markets often need to test the key support levels a number of times before consolidating — and then moving up to the next, higher level.

U.S. stocks closed lower on Thursday, although major indexes came off the day's lows following a breach of key support levels.

Key support levels are found at $ 8200, $ 7700, and near $ 7000 and $ 6700.

The price of bitcoin fell below two key support levels at $ 400 & $ 378 in January.

Key support levels are found at $ 500, $ 470, and between the $ 400 and $ 410 levels.

Key support levels are still found near $ 56, around $ 51, and at $ 44.

A break down to the next key support level can be at 6000 $ levels and will be a new all - time low.

So while stocks stayed flat anticipating the Fed's next move, the SSTI spotted that silver had broken a key support level and dropped out of a pattern called a descending triangle.

If it does, a sudden breakdown below key support levels, such as convergence of the trend channels and 50 - day MAs, could lead to a rapid decline in the near - term.

Although the broad market still has several key support levels just below (as of yesterday's close), overall technical market conditions continue to erode.

We do not like to spend time trying to predict where the market will go; rather, we show these technical charts simply to give you an idea of where key support levels exist.

Small cap issues took the biggest hit, as the Russell 2000 lost a key support level at 811 and closed near session lows.

Just last week we saw the big sectors (financials and energy) reach their key support levels from several months back and that should trigger a sizable bounce and with any luck the start of another leg higher in the market.

The best buy pivots tend to occur when an ETF or stock forms a bullish reversal candles (such as a «hammer») that sharply undercut a key support level on an intraday basis, but subsequently recovers to close near the high of the day.

There's a big difference between buying stocks and ETFs in a market that reverses when the majority of leadership stocks are showing tight price action, versus buying stocks in a sudden market reversal when a large number of former leadership stocks have already lost key support levels and / or their bullish technical patterns have broken down.

As for the broad market, it continued to struggle yesterday, but key support levels remain intact on all of the major indices.

Let's take an objective look at key support levels on a few charts that may help to answer that question.

Key support levels are at $ 3800, $ 3500, and $ 3150 while resistance is ahead at $ 4400.

Key support levels are still found at just above $ 600, at $ 500, $ 470, and near $ 410.

We will plot a Fibonacci retracement that extends between the low recorded on the 16th of July ($ 1.825.5) and the high recorded earlier today ($ 3,420.7) to determine key support levels that will be the target reversal points of potential downwards price correction attempts.

We still expect the coin to breach the correction low and trade below $ 10,000 before the end of the cycle, with key support levels found at $ 13,000, $ 11,300, $ 10,000, and $ 9000, with stronger levels at $ 8200 and $ 7700.

While $ UUP broke down below key support levels over the past two weeks, $ FXY conversely broke out above resistance to a new 5 - month high and has formed another «higher high» and «higher low.»

The signal formed at the key support level of 1.6680 in the direction of the prevailing up trend.

The «trick» entry would have been at the key support level through 1272.75 which is also very close to the 50 % level of the pin bar.

Many stops are placed a certain percentage under key support levels or above resistance levels because if broken by too much the trade may be wrong.

Note that waiting for this retrace entry at the key support level would have allowed you to get a tighter stop loss on the trade and a 4R profit as a result.

We can see a nice inside bar setup formed just after the market broke down below a key support level, the setup has since come off significantly lower and is still falling towards the next support at 1.2625, as of this writing.

Our views remain unchanged from recent weeks; we are looking to get long Gold on a price action signal after a pullback or a blind entry at 1306.00 key support level.

Given there was a chance of a reversal after the market hit that first key support level, I pre-determined to trail my stop down to that R1 level and lock in that profit, if the market reached that level.

The ability to reduce your cost basis like this — especially if it can be reduced below a key support level — is a great example of how a «10 % Trade» can be safer than a conventional stock trade.

In the chart example below, we had a solid and defined trading range in the Gold market when we got a daily chart pin bar buy signal at the bottom of the range (key support level).

Actually, we got back - to - back pin bar buy signals at this key support level, so we had plenty of confirmation and confluence for a nice end - of - day trade entry.

Square shares fell sharply over the past week to key support levels that traders will be watching for signs of a breakdown or breakout.

Let's say you place an order to buy based on a bullish pin bar at a key support level.

1: This setup was a large pin bar that formed off a key support level.

As evident from the weekly chart above, gold, as represented by the SPDR Gold Trust ETF (NYSE ARCA: GLD), closed below a key support level on Friday, finishing the first week of trading in October at $ 114.61.

We remain bullish on this market as the overall trend is up and price is trading above key support levels still.