Should 900 be taken out, technicians will likely focus on the 920 area as potential area of resistance, as this would be 38.2% above the March low.
We never trade with a bias, so we will not blindly short in that area by any means, but the 1125-1150 resistance area will be an area to begin taking some profits and re-evaluating the landscape.
Beyond there, 1.0750 looks like a logical area of next resistance.
This area marked stiff resistance ahead of the stock's long descent toward the single-digit range, and could now provide a springboard of support for an extended rally.
Recent lower support is another resistance area, 1291-1295.
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Chart Analysis : The breakout in the Dow Jones UBS Commodity Index has initial targets at 165 with important resistance in the 170 area, which is the major 50% retracement resistance from the 2008 highs at 238.
Support is in the 1, 280 area, which acted as resistance for a brief period in early January and support later that month.
The worry over floodplains lead to permanent buyer resistance in the area.
The rebound from the lows was quite sharp, but it appears to have failed at the resistance in the 2675 area.
Once this level is overcome, the next major resistance is in the 8670 area.
Hitting our radar last week was fresh evidence of optimism creeping into the market, right as the SPY and MDY approached their 2011 resistance levels in the 135 area and the 100 mark, respectively.
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There is initial resistance now at 2610-2625 with more important resistance in the 2650-2675 area.
Security forces met no resistance as they moved into the area before dawn.
However, the equity is hitting long-term resistance at the 50 level, an area that has capped the shares on a weekly basis since October 2008.
U.S. and French officials say that their efforts to monitor the Libyan desert have been slowed by the Libyan government's resistance to allowing outside access to the area.
The stock is currently being squeezed into resistance in the 9-9.50 area, and a breakout above this region could send SOLF sharply higher.
The longer we stay above this area, the higher the probability we could take out pivot resistance at 1557-1563.
It uses nanoscale materials to boost the performance of its batteries (making an electrode out of nanoparticles increases its surface area, which in turn decreases the battery's internal resistance and improves its ability to store and deliver energy).
Resistance for the SPX is at the round-number 900 area, which is home to the heaviest out-of-the-money call open interest in the May series.
There is stronger resistance now in the 8, 400 to 8, 470 area.
As we enter expiration week, resistance lies in the 1, 290-1, 295 area on the SPX, with the March lows in the 1, 250-1, 255 area providing potential support on a continued decline.
There is long-term resistance in the 2.36% to 2.4% area that must be overcome to signal a turn in interest rates.
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And City's brave resistance was finally ended when Hleb jinked his way into the penalty area and his cross was converted by Baptista.
The more important 78.6% resistance and the downtrend (line a) are in the 8, 073 area.
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Until they get a decisive break and close below this area, the Bulls will remain in control and the higher the probability we take out resistance.
Bigger resistance is the October 27th high of 1292, and with a close above this area in the coming weeks and we can see 1320-1340 in January-February.
In defending its decision to lay track in the middle of nowhere, the HSRA argues that there is plenty of space there, little resistance from local residents, and that the line from Los Angeles to the Bay Area will eventually have to go through that part of California anyway.
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