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Strategies & Market Trends : News Links and Chart Links

SPXL 222.70

+1.6%

Nov 28 4:00 PM EST

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From: Les H	10/14/2022 6:15:38 PM
	of 29601

Big market reversal rally on Thursday, October 13th. While S&P 500 (SPX) price action was impressive, the usual supporting barometers such as the VIX did not plunge. This indicates a bear market rally is under way rather the end of the bear market. Furthermore, Friday’s price action was not conducive to an end of the bear market by retracing more than 50% of Thursday’s price range. Some assumptions going forward for next week is the low at 3491.58 will hold for now, and while the SPX is trading under the 20 day moving average, this should be broken. And if the short term TDST Resistance for the 2 and 4 hour SPX timeframes concentrated at around 3780 are broken, the rally should be more durable. The TD Trend Factor at 3879.84 is drawn for reference purposes and not significant at the moment. tradetrekker.wordpress.com The volume everyday is pretty much the same, regardless of what the market does. Along with the steady decline in bond prices, it looks like asset rebalancing in reverse order to QE. Debt ceiling is probably going to be hit in December. There will be no net new issuance from the Treasury for 6 months or more while the two sides fight it out.

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