Sentences with phrase «upper channel resistance»

For the past six weeks, the NASDAQ Composite Index ($ COMP) has been uneventfully oscillating in a sideways trading range (a 3 % range from the upper channel resistance down to lower channel support).

Of course, $ XBI is also in play for buy entry on a breakout above the upper channel resistance (above $ 67 area).

Not exact matches

While the Dow still must overcome its prior highs to break out, the only resistance for the Russell 2000 is its upper channel trendline (which is still 3 - 4 % away).

It's pretty much the same technical picture on the NASDAQ weekly chart, although the tech - heavy index may need to rest after bumping into resistance of its upper channel trendline.

Since that time, both QQQ and SPY have continued to find resistance near the upper level resistance of their respective ascending trend channels, and support near the bottom of their trend channel.

Yesterday, for example, the PowerShares Nasdaq 100 ETF ($ QQQ), a popular ETF proxy for the Nasdaq 100 Index, rallied into resistance of the upper trend line of its ascending trend channel, then sold off to close in the middle of its intraday range.

Like $ QQQ, the S&P 500 SPDR ($ SPY), an ETF that represents the benchmark S&P 500 Index, has also found resistance near the upper trend line of its trend channel.

Above yesterday's high, $ SPY may find major price resistance from the $ 141.50 to $ 142.10 area (upper channel of its trendline and horizontal price resistance, respectively).

Litecoin turned lower off the upper boundary of the long - term trend channel, and it's now testing the $ 64 support / resistance level again.

Another rise to test the upper border of the rising price channel on 4 - hour chart is possible later today, as long as the channel resistance holds, downtrend is expected to resume and one more fall towards 1.0206 previous low could be seen.

Rise towards the upper border of the falling price channel is expected later today, and a clear break above the channel resistance will indicate that the downtrend from 1.0507 has completed, then another rise to 1.0800 could be seen.

Price has also just reached strong resistance in the 92.00 support / resistance region, and additionally, is approaching the approximate upper resistance border of the rough parallel downtrend channel.

Right now it is at the upper bound of the channel, resistance it failed to take out on November 29th, resulting in a 21 % correction.

Resistance is tracking at the upper trend line of the descending channel, $ 66.