Russell 3000 (.RUA) pivot point chart for Wednesday d-w-m

Mr. & Ms. Fickle Markets seem to be favoring a raise in the Fed funds rate.  Last night, scanning the fundamentals first, then the charts, at the close we got:

  •   a pivot point long entry signal for the Russell 3000 (.RUA)
  •   a pivot point long entry signal for the DJIA (.DJI)
  •   a pivot point long entry signal for the Nasdaq (.IXIC)
  •   a pivot point long entry signal for the S&P 500 (.SPX)
  •   a pivot point long entry signal for the Russell 1000 (.RUI)

Russell 3000 (.RUA) pivot point chart for Wednesday 12/16/2015:

RUA 20151215.jpg

 

III.  Index Support and Resistance for Wednesday, 12/16/2015

 Below you will find the 52 week performance, and the Year-to-Date (YTD) performance to the selected index.  For tracking the day’s action, here are the Pivot Points, Support points, Resistance points,  and the 50 day simple moving averages (sma).
  •  If the related index, or stock, is above the pivot point, the pivot point is both support, and an indication that Mr. & Ms. Fickle Markets are Bullish.
  •  If the related Index, or stock, is below the pivot point, then the pivot point represents resistance, as well as an indication that Mr. & Ms. Fickle Markets are Bearish.
  •   Please Note:   ALL projections are for reference only. 

 

( 6) For the Russell 3000 (INDEX RUSSELL: RUA)
  •   Closed 12/15 up @ 1204.60
  •   :: Pivot point   1202.18
  •   Support (s1) 1194.42   Support (s2)  1184.23
  •   Resistance (r1)  1212.37   Resistance (r2)  1220.13
  •   Simple Moving Average (Close 50):   1219.40
  •   52 week performance +0.74%  YTD performance  -1.59%

 

 

 

( xi)  I will be returning and adding, and updating more info including daily, weekly, and monthly chart analysis below

 

 Please read:
 [ Blogs ]
 
  Have a great day investing, or trading … 
 NOTE:  Today, at 2 PM ET,  the Fed announced an increase of 0.25 in the Fed Funds Rate.   Fed Chair Janet Yellen then spoke at 2:30 PM ET and answered questions.   Mr. & Ms. Fickle Markets reacted favorably.

 

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