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 (70055)	2/4/2023 8:28:45 AM
From: Magnatizer	Read Replies (2) of 79460

Weekly DJI Should have tested overhead resistance last week. A bit of a warning shot. SPX Worked through key overhead and tested another before retreating. 4158 is very important to me with this index. First attempt to break free from it failed and we saw the last of the legs down from the pullback in 22. Bears will want to defend it again. I believe they'll ultimately lose that battle and we'll see low 5000s late 2023. NDQ Similar to SPX. Testing a key horizontal. I see much higher levels in 2023 once this battle is won by the bulls. RUT I like 2100 area before the bears defend with vigor SOX mid 3300s in sight TRANS Out and looking at low 16k area ME Bears defending 54k area.

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