The weekly chart of the Shanghai Composite shows that it broke through its downtrend (line a) in early December.
The chart of the NYSE Composite shows the lower close Friday, but it is still above its uptrend (line c).
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The daily chart of the NYSE Composite shows that May 1st highs were exceeded on Friday with next resistance at 8327.
The long-term monthly chart of the NYSE Composite goes back to 2004.
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The daily chart of the NYSE Composite shows the sharp move above the 2011 high of 8, 718.25, which now becomes first support.
The daily chart of the NYSE Composite shows that it dropped back to test the April highs (line a), and then tried to turn higher Friday.
The daily chart of the Nasdaq Composite shows that it has had a much more dramatic rally from the August lows, as it has surpassed the 50% retracement resistance at 2608.
Chart Analysis : The daily chart shows that the NYSE Composite is still resting on its daily uptrend (line a).
Chart Analysis : The NYSE Composite has been testing the 61.8% Fibonacci retracement resistance, but has not yet closed decisively above it.
The daily chart of the broad-based NYSE Composite continues to act the best, as it is just testing its uptrend from the June lows (line a).
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Chart Analysis : The close Thursday pushed the NYSE Composite above the highs from early in the year, as prices closed above the upper boundary of the daily trading channel.
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