Stock-Master

There are lots of very good charts in this group. But in case anyone is new to trading and feeling overwhelmed by all the squiggly lines, I thought I'd share some charting 101 information.
This is about finding support and resistance levels and how doing so can help you determine when a stock is going to change directions.
I realize that there are plenty of additional technical analysis studies that you add onto this, but this is written for beginners. I welcome your feedback.

How to Find Support and Resistance Levels - The Antagonist Don't overlook the psychological aspect of trading. Support and resistance levels provide insights into how a stock will move in the future.

The top part of the chart is the weekly Semiconductors (SMH) Invesco QQQ Trust Relative Strength Index Ratio (SMH/QQQ). A rising line means the SMH is stronger; if falling, the QQQ is stronger.
SMH made a new relative strength high in February but has peaked and turned down, no longer leading in relative strength. The SMH will often be a clue before a significant correction starts because it will lag and fall faster than the QQQ leading the broad market lower.
Keep an eye out next week if SMH continues to underperform the QQQ, which is considered short-term negative, or on the other hand, if SMH outperforms the QQQ, which would be sort term positive

Mortgage rates are at the lowest level in two months, but only 20% of people said it was a good time to buy a home, according to a new report.