Index Charts thru Friday’s (1/22/2016) close

 Below, thru Friday’s (1/22/2016) close you will find the Index Charts and brief  DAILY chart analyses that are demonstrating more, and more, contrarian Bullish indications suggesting a bottoming process  may be, or is, taking place.  Last night, Asia markets were up , and the pre-market E-mini futures were pointing to a positive “green” markets open.   This morning, crude again came under price pressure, and the pre-market E-mini futures were now pointing to a negative “red” USA markets open.
 Compare the chart info below to:
 Index Charts thru Friday’s close         (for Tuesday January 19, 2016)
 See also:  Index Support and Resistance for Tuesday, 1/19/2016  as calculated from the changes in Index points through Friday, 1/15/2016’s close.  Note:  Last week US markets were closed for the Martin Luther King federal holiday on Monday.
 The related pivot points, support, resistance points,  and more, for today’s US markets actions can be found in:  Index Support and Resistance for Monday, 1/25/2016 as calculated from the changes in Index points through Friday, 1/22/2016’s close.
   DJIA 20160122
 I.   DOW JONES INDU AVE (DJIA .DJI) 

For Friday (1/22/2016) the closing price was 16,093.5098.
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
  • Note: this chart shows extraordinary price action to the downside.
By the way, DJIA prices are vulnerable to a correction rally towards 16,930.22.
  • The upper projected  target is: 16,635.78.
  • The projected lower bound is: 15,485.76.
  • The projected closing price is: 16,060.77.
Please Note: these price projections are for reference only, and can be easily exceeded, up or down,  by the Mr. & Ms. Fickle Markets.
  • Low 8/24/2015:  15370.33
  • Low 1/20/2016:  15450.56
   Nas 20160122
II.  NAS/NMS COMPSITE (IXIC  .IXIC)
 ( a)  For Friday (1/22/2016) the closing price was 4,591.1802.

  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
  • Note: this chart shows extraordinary price action to the downside.
By the way,  Nasdaq prices are vulnerable to a correction RALLY towards 4,814.34.
  • The upper projected  target is: 4,769.68.
  • The projected lower bound is: 4,392.52.
  • The projected closing price is: 4,581.10.
Please Note: these price projections are for reference only, and can be easily exceeded, up or down,  by the Mr. & Ms. Fickle Markets.
  • Low 8/24/2015:  4292.14
  • Low 1/20/2016:  4313.39
 ( b)     Market Position     Long
Entry Date      1/21/16 ( 1 bar ago )
Entry Price      4,472.06
Profit/Loss      119.12
Technical Stop      4,871.59

  • Indicator note:     A long covering opportunity has been detected.  You should consider closing out at least part, if not all, of any open long positions and wait until the next trading opportunity presents itself.

 

S&P500 20160122

 III.    S&P 500 INDEX (SPX  .SPX)

( a)  For Friday (1/22/2016) the closing price was 1,906.9000.

  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
  • Note: this chart shows extraordinary price action to the downside.
By the way, S&P 500 prices are vulnerable to a correction RALLY towards 1,989.41.
  • The upper projected  target is: 1,972.77.
  • The projected lower bound is: 1,834.16.
  • The projected closing price is: 1,903.47.
Please Note: these price projections are for reference only, and can be easily exceeded, up or down,  by the Mr. & Ms. Fickle Markets.
  • Low 8/24/2015:  1867.01
  • Low 1/20/2016:  1812.29

 

( b)    Market Position     Long
Entry Date      1/21/16 ( 1 bar ago )
Entry Price      1,868.99
Profit/Loss      37.91
Technical Stop      1,993.26

  • A long covering opportunity has been detected.  You
    should consider closing out at least part, if not all, of any
    open long positions and wait until the next trading
    opportunity presents itself.

 

——  Monday, 1/25/2016 thru Friday 1/29/2016  ——-

  •  ( x)   All Links can be opened in a new tab or new window …
  •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

 

Please read:

 
 
 (4)  Chesapeake Energy Corp (NYSE: CHK)
 
 
  [ Blogs ]

Hope the above Index Charts calculations for  Monday (1/25/2016)  help your investing and trading today …

 

 

 

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