The key support going back to late 2012, line c, has now been broken.
This week, the Dax violated my key support level at 7, 500 and closed below it.
The weekly OBV is still holding in its trading range and is holding above key support.
The Shanghai Composite is down 15% from the November highs and has key support at 2560.
The SNP said the plan had won key support from groups including unions and youth organisations.
Prices closed the week just above the next key support in the 1, 395 to 1, 400 area.
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Therefore, it is important to identify the key support levels and watch them closely.
Two weeks after the highs (line 1), the RSI dropped below key support at line C.
The hourly chart for GLD allows us to zero in on the key support levels to watch.
The daily on-balance volume (OBV) has formed lower highs (line e) with key support at line f.
The weekly chart shows that key support (line g) going back to 2010 was tested in August.
There is first key support now at 1.83%, which is the mid-January low with more important 1.67%.
The yield is currently above its 20-day EMA, with first key support (line f) now at 1.71%.
Bullish investors will be rooting for RIMM to hold above this key support level through the close today.
Fresh chart damage was inflicted Wednesday as prices dropped below a key support level at the November low.
Before the key support (line a) was broken the RS was already forming lower highs and lower lows.
The OBV did make new highs this week, line d, and is well above key support at line e.
The Fed's efforts to keep interest rates extremely low are seen by many as a key support for stocks.
Crude oil also plunged through the key support levels I have been watching.
The next key support is at 8, 022, which is the 38.2% Fibonacci support.
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The White House was quick to issue low-key support for Reno's decision, implying Republicans were simply motivated by politics.
The major averages violated some key support levels, as did many individual stocks.
They "fall through the gaps" and miss out on key support services, such as home help and meals on wheels.
The weekly OBV has also dropped below its WMA with key support at line d and the early 2012 lows.
The major averages are now already close to their next key support levels that I discussed earlier in the week.
The metals are explosive movers, so be wary that a break of key support levels could lead to much deeper retracements.
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Last week saw the most bearish action of the year so far, but the indices continue to hold above key support levels.
Any breaks of key support and resistance could trigger further moves, particularly if the market were to trigger sell or buy stops.
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But it closed for the day at 1, 541.61, back above key support.
Meanwhile, prices have run up so sharply that some of the key support levels are now a long ways below the market.
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