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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	10/29/2022 11:07:20 AM
	Read Replies (1) of 29601

Market is on a run. Last Wednesday, the S&P 500 (SPX) traded near the 3879.84 TD Trend Factor and started to level off. With the SPX holding above the short term TDST Support levels at 3790.38 and the daily timeframe not price flipping bearish, conditions are now good for the daily SPX to reach a potential TD Sell Setup @9 + 9. There are two potential catalysts next week with the FOMC meeting on Wednesday, November 2nd, and jobs number on Friday, November 4th. Those events can serve as accelerators making the next level TD Trend Factor achievable at 4073.97, which is in proximity to the 4110.41 daily TDST Resistance level To help navigate risk, the SPX should not price flip bearish early next week, and especially should not trade under 3808.26, the current 30 minute TDST Support level. tradetrekker.wordpress.com Next week is the 21-day trough-to-peak cycle which potentially will run all the way to 34-day cycle on Thanksgiving Week seen so often this year. Historical seasonal tendency has been to rally into Thanksgiving.

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