One way to use technical analysis is to find a single level (point or price) that is derived from different technical approach, such as support and resistance, fibo retracement, projection, etc.
Even more interesting is when different markets seam to align together at the same time toward the similar level. Bottom line, I think financial markets are getting close to an interesting juncture in the medium term. Without going through all the process for all markets, here are the levels to have to keep in mind:
S&P 500: resistance at 2623 pts
Crude Oil: resistance at 54.5$
US 10 Year yield : Oversold (in terms of price) at 2.81%
VIX: support at 18
Even more interesting is when different markets seam to align together at the same time toward the similar level. Bottom line, I think financial markets are getting close to an interesting juncture in the medium term. Without going through all the process for all markets, here are the levels to have to keep in mind:
S&P 500: resistance at 2623 pts
Crude Oil: resistance at 54.5$
US 10 Year yield : Oversold (in terms of price) at 2.81%
VIX: support at 18