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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (68853)10/21/2022 5:40:20 PM
From: Magnatizer  Read Replies (3) of 79429
 
Weekly

DJI

Buy signal with close above weekly cross bar high. Also, moved north of recently formed horizontal and downtrend channels. Near a Quadfecta had it closed above 31882.09 but this bull is just fine with the formation.

Plenty of overhead battles to be had between 31400s and 35000



SPX

Gonna call it sideways into the cross next week. The uptrend it closed on is from July 02 to Jan 05. It's had several battles around it and the associated cross from the lines marked several tops between 06-2020 before the SPX finally broke through in late 2020. Following is a chart with highly significant CCI trendlines only.



Close up



All the lines



NDX

Came off support to sniff the horizontal. Normal activity



RUT

Looking healthy, support test complete



SOX

A concern it didn't get back to the horizontal this week. Inside bar is good and I am still full long SOXL. Stops at my nut, giving it room to sweep some more weak hands



MExico

Normal activity here, would like to see it get back above the bottom horizontal



Adding DJT

Normal activity here. Working on the downtrend. Neutral here.

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