Arrays: How to read stock arrays (reference)

How to read stock arrays: The first number higher than the "current price" when you view the array represents resistance.  The first lower than the "current price" when you view the array represents support. For example, in the sample array below, if the price when you view this array is 1124, then 1125 would be R and 1120 would be support. This means that if the last price is 1124, and it moves to 1125, the first expectation is to expect 1125 to hold, and to start a decline to 1120. BUT, if 1125 breaks higher, then we should expect instead a test of 1128.50.

ES array:  1128.50, 1125, 1120, 1113, 1111, 1107, 1102, 1098, 1091, 1089 where 1124 was the last price.

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".