KirkLindstrom.com - Articles- 2014 -  Watch the Red Lines: Dow, NASDAQ & S&P500 Resistance and Support
Kirk Windsurfing at Palo Alto in SF Bay in May 2009  Dow & S&P500 Resistance and Support Levels
  Resistance and Support levels for the DOW - Linear Scale
Kirk Windsurfing at Coyote Point November 2009
Charts and price quotes for DJIA and DIA
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January 31, 2014:   The exchange traded funds (ETF) for the Dow and S&P500 are DIA and SPY, respectively.

My chart below shows the Dow and S&P500 as indexes and the ETFs with dividends reinvested.   The ETF for the NASDAQ is the 100 stock QQQ (for the NASDAQ 100) but  I like my Newsletter Explore portfolio far better than the QQQ because the QQQ index adds stocks when up and drops them when low while I do the opposite with my newsletter portfolio.
Chart 1
 Chart of DOW to Gold Ratio 
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Notes: My Observations for the Dow, S&P500 and NASDAQ
  • In October the Dow ($INDU in my two charts) corrected to its 200-DMA than in November it surged to a record high above a dashed green resistance-turned-support line to the dashed-red resistance line. 
    • From this high, the Dow corrected to successfully test the dashed green resistance-turned-support line from above from which it rallied to a new high at the start of 2014.
    • This week the dashed green resistance-turned-support line failed as support. I suspect a strong bottom would be the DOW touching its 200-DMA which it last did in October 2013.
  • The S&P500 ($SPX in the graphs) is also testing resistance turned support from above.   
    • The S&P500 is now testing the dashed-green resistance-turned-support line on the chart below. 
    • The S&P500 is ALSO testing the dotted-green support line.
  • The NASDAQ (NASDAQ Charts) briefly tested its 20-year support-turned-resistance-back-to-support line from above in October and remains very strong with a very small pullback relative to the Dow & S&P500..
Chart of DOW to Gold Ratio

Intraday Charts
DOW JONES INDU ^DJI - More charts
 S&P 500 - More charts


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note 1.  Source:  charts from stockcharts.com
Disclaimer:  The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2013 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc.