Today we will analyze the index NYSE COMPOSITE INDEX USA (NYA) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in NYSE COMPOSITE INDEX USA (NYA)
1- Last bearish trend was from 10,400.32 $ (12/31/2013) to 9,741.58 $ (2/3/2014) a 658.74 $ move 2- The current bullish trend started from 9,741.58 $ at 2/3/2014 and is currently trading at 10,486.15 $.
3- NYA current support level is at 10,400.32 which is the 100.00 % fibonacci retracement of the last 658.74 $ move.
4- NYA current resistance level is at 10,579.50 which is the 127.20 % fibonacci retracement of the last 658.74 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NYSE COMPOSITE INDEX USA (NYA) Short term stock chart patterns for internet stock trading :

6- The Index was supported by a support line, identified by two points: 9,741.580 and 9,483.160, and is currently supporting at 9,819.106.
NYSE COMPOSITE INDEX USA (NYA) Mid term stock chart patterns for internet stock trading :

7- The Index traded in a bullish stock channel identifed by support at 9,741.580 and 8,892.020,resistance between 10,400.320 and 9,598.270, the stock channel is currently supported from below by 9,873.979 and resisted from above by 10,638.349.
NYSE COMPOSITE INDEX USA (NYA) Long term stock chart patterns for internet stock trading :

8- The Index was supported by a support line, identified by two points: 7,285.530 and 6,898.180, and is currently supporting at 8,602.519.

Stock Trading Conclusion:
NYSE COMPOSITE INDEX USA (NYA) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 10,579.50, 10,807.42.
Stock Support levels : 10,400.32, 10,310.43, 10,201.72, 10,148.68, 10,113.87, 10,070.95, 10,026.01, 9,993.22, 9,897.04, 9,819.11, 9,741.58,.