Understanding the concepts of support and resistance is crucial for analyzing forex market behavior and making informed trading decisions. These two fundamental terms refer to specific price levels on ...

Traders and analysts chart the movements of stock prices over time to pinpoint the support levels and resistance levels that indicate optimal times to buy and sell. Support and resistance are two ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...

The first week of trading in 2023 performed the same as we have experienced since mid-December (barring Friday). In other words, from Monday through Thursday, the S&P 500 Index (SPX – 3,895.08) found ...

$SPX is at Monday close last week, so more certain some of last week's decline attributed to delta-hedge selling. Short-term resistance in 5,100-5,150 area & support ...

Another roller coaster week has just closed, and looking at data, the next one, at least the first part of the week looks to be similar. Friday we saw the Option Expiration Week (OPEX). Following this ...

“The area between SPX 3,812 and 3,850 has not exactly been an area at which major pivots have occurred in 2022, but it has been a zone at which the SPX has ‘chopped around’ for brief periods this year ...