^IXIC Technical Analysis

Today we'll analyze the Index ^IXIC for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 2,370.98$ (04/04/08) to 2,275.82$ (04/14/08) a 95.16$ move
2- The current bullish trend started from 2,275.82$ at 04/14/08 and is currently trading at 2,350.11$.

3- The stock current support level is at 2,334.63 which is the 61.80% fibonacci retracement of the last 95.16$ move.
4- The stock current resistance level is at 2,370.98 which is the 100.00% fibonacci retracement of the last 95.16$ move.
5- According to ADX, the trend is currently bullish,which is becoming weaker.
Short term chart patterns :

6- The Index was supported by a support line, identified by two points: 2275.82 and 2261.18, and is currently supporting at 2278.48.
Mid term chart patterns :

7- The Index was resisted by a resistance line, identified by two points: 2724.41 and 2859.12, and is currently resisting at 2454.99.
Long term chart patterns :

None.

Conclusion:
^IXIC was trading in a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 2,370.98, 2,376.35, 2,396.86, 2,429.79, 2,454.99, 2,727.39, 2,732.35.
Support Levels: 2,334.63, 2,332.58, 2,323.40, 2,321.73, 2,312.97, 2,312.17, 2,304.20, 2,298.28, 2,278.48, 2,275.82, 2,264.65, 2,178.54, 2,086.38, 1,959.24, 1,955.69, 1,790.76, 1,514.66, 1,510.97, 1,507.28, 1,503.59, 1,341.17, 1,270.07, 1,220.74, 1,218.47, 1,216.20, 1,213.93, 1,211.67, 1,209.40, 1,207.13, 1,204.86, 1,153.29, 983.47, 775.00, 774.64, 774.27, 773.91, 773.54, 773.18, 772.81, 772.44, 772.08, 771.71, 771.35, 750.42, 434.34, 434.26, 293.82, 293.44, 293.05, 278.19, 278.13, 278.07, 278.01, 277.95, 277.89, 277.83, 277.77, 277.71, 277.65, 277.59, 277.53, 277.47, 277.41, 277.36, 277.30, 277.24, 277.18, 277.12, 277.06,.