{"id":9562,"date":"2010-05-27T13:33:57","date_gmt":"2010-05-27T17:33:57","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=9562"},"modified":"2016-09-20T07:13:41","modified_gmt":"2016-09-20T11:13:41","slug":"chart-clearly-showing-the-sp-resistance-level","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2010\/05\/27\/chart-clearly-showing-the-sp-resistance-level\/","title":{"rendered":"Chart: Clearly Showing the S&#038;P Resistance Level"},"content":{"rendered":"<p>Whether or not you think that it is Voodoo or just some lines drawn randomly on a chart, there is a good deal of respect for support and resistance points. Fibonacci retracement levels produces some very important points to consider as these are watched closely by traders.<\/p>\n<p>Notice that today the S&amp;P 500 was stopped dead in its tracks, right <!--more-->on the 23.60% level. The low and high closed were used as the Zero and 100% levels to consider.<\/p>\n<p>If we can see a break above 1094\/1095, then this can act as the next level of support if the trend is higher. Otherwise, this should be looked as simply an overhead resistance point in a sideways trend between 1,056 and 1,094.<\/p>\n<p style=\"text-align: center;\"><em>(Click Chart to Enlarge)<\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/05\/fib_sp500.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-9564 aligncenter\" title=\"fib_sp500\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/05\/fib_sp500-610x428-1.jpg\" alt=\"\" width=\"610\" height=\"428\" \/><\/a><\/p>\n<p style=\"text-align: right;\">(Charts from <a href=\"http:\/\/www.tradestations.com\">Tradestation<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether or not you think that it is Voodoo or just some lines drawn randomly on a chart, there is a good deal of respect for support and resistance points. Fibonacci retracement levels produces some very important points to consider as these are watched closely by traders. Notice that today the S&amp;P 500 was stopped [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,42,253],"tags":[497,165],"class_list":["post-9562","post","type-post","status-publish","format-standard","hentry","category-markets","category-stocks","category-strategy","tag-strategy","tag-technical-analysis","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/9562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=9562"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/9562\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=9562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=9562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=9562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}