The 56 Point TA; Charts With an Attitude Message Board

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

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To: Magnatizer who wrote (69735)	1/8/2023 9:18:22 AM
From: Magnatizer	Read Replies (2) of 79460

Weekly DJI Bulls had a great week. Riding red uptrend channel, staying above key thick blue uptrend and all recent cross bar horizontals. SPX Not as strong as DJI but a good showing none the less. Looks like it wants to see what 4158 has in store NDQ Decent week, bouncing off retest of the downtrend breakout area is better then retesting the downtrend itself. Still remains, at best, neutral, with the overhead horizontal channel needing to be recovered. RUT Similar to NDQ but in better shape as it's inside the recent horizontal channel. Neutral ground. SOX strong version of neutral here. After turning up and trapping bears with a levitation move away from the downtrend in Oct, it appears to be trying the same move with a hovering test of the lower horizontal. Bulls need to run here and close it over 2719 soon DJT Bulls pulled it back north of the horizontal battlefield, now need to regain the uptrend channel. Last week was a good start for them. ME Statement week. It has no intention of testing that lower horizontal before it gives the overhead horizontal a run

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