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[Previous entry: "DOW in consolidation."] [Main Index] [Next entry: "S&P weekly resistance."]
12/02/2003 Archived Entry: "30-minute support levels."
Click for S&P 30-min chart
The attached chart shows 3 intraday support levels. These support levels are valid as long as yesterday's high is in place. If that high is exceeded, then the support levels will raise.. Note the blue and green trend-lines. The blue line is a daily trend-line, showing that the market can retrace quite a distance without endangering that trend. The green line is a 30-minute trend-line. The support level at 1065.50 is important if that trend is to be maintained. Watch those support levels for possible entry (long) or profit-taking (short trades).
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