Only the Weekly or Daily charts are best suited to see trends. Anything below the Daily chart is prone to 'noise' and incorrect signals. It may work for a short while but longer term its very inaccurate. Whats important is where the the chart closes at the end of the day or week.

Despite the US Feds cutting rates to zero, futures market still hit limit down 5% at the open today. I think we gonna witness another bloodbath when markets open at 9.30pm.

What do u mean by 18 March to peak again? At what level?

I think we might get a more than 10% loss tonite by the close of markets.

Just state the levels la. U are posting too many charts so its difficult to really understand what ure trying to say.

Must see the daily close. Intraday will have alot of movement.

Thats like being penny wise pound foolish. For MYR to appreciate it requires USD to weaken. That will happen when US stock market starts to recover. So by the time u try to save some pennies with the forex the US stocks would have already appreciated 10-15% or so.

You have so many levels indicated. Of course la your chances of hitting the target is there. U marked levels all over the chart. Thats no way to analyse any chart.

Why dont you give me your top 2 strongest resistance and support levels. Thats all i want to see. I dont need 20 different levels.

So we did get a close above 10%.

There are other factors which will impede the Malaysian stock market. The US stock market reboind will happen earlier and faster because of its high liquidity.

No luck involved in technical analysis. Thats why its called technical analysis. When u use luck itself its already a bit worrying. And i dont draw multiple charts. Thats the beauty of TA. U dont need to keep drawing multiple charts and levels.

So as per my earlier question can u list your 2 strongest horizontal resistance and support levels? I cant tell what those levels are from your chart since its full of lines.

This post has been edited by cybermaster98: Mar 17 2020, 07:47 AM

My best performing stock has been Luckin Coffee which i bought in June last year.

I think ure missing my point completely. I asked u to provide me with your Top 2 strongest Resistance and Support levels for S&P500. Not a bunch of lines.

You are drawing lines for every short term peak and trough on the H1 chart. When you draw so many lines of course any short term jump or drop will hit one of your lines. Thats what i mean by 'chance'. There is no luck involved. Ure drawing so many lines and when it hits u say 'aha i was correct' but what ure actually doing is just draw many lines to increase your chances of 'hitting'.

I ask again. Can you just tell me (no chart also fine) what are the 2 strongest Resistance and the 2 strongest support levels we need to look out for the S&P500?

Simple question.

Accomodating who? Nobody is obliged to do anything. Its a forum for sharing and discussion. So no wrong in me asking for clarifications.

I dont understand his chart levels or the purpose of so many lines. How does he benefit from so many lines on a H1 chart? What analysis could you possibly do?

We need a Daily close below the 2,300 key support level on the S&P500 chart to increase downside pressure towards 2,000. I think we will get it soon.

Crude oil (WTI) now at $27. Next support level is $26 (low of Feb 2016). If it closes below $26 it will be at the lowest point since Apr 2003 and could drop to $17

So the US stock market futures hit limit down again at 1.15pm eh?

Before when i see the charts not moving i check my internet connection. Nowadays when charts not moving i check CNBC.

Level 1 circuit breaker hit.