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

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To: Magnatizer who wrote (71101)6/18/2023 10:10:59 AM
From: Magnatizer  Read Replies (1) of 79449
 
Weekly

Overall: New Moon Sunday, Sentiment extremely bullish and most indexes at resistance. The crims got this one set up pretty good, they'll want more inventory. I'm looking for a pull back to reload long 3x ETF positions in the next few weeks.

DJI: The 1st team defense is on the field for the bears. Looking to reload UDOW on support tests. Big blue uptrend below does not need any more testing but it's been pretty darned sticky for a bit. Likely see's at least a sniff



SPX

Pretty move last week. The uptrend it's testing is pretty new (June to July 22) but it's been stiff on the first two attempts of the bulls to regain it.



NDQ

One hell of a week. CCI back in the hot zone. If there is one index which would negate my overall read it's NDQ



RUT



SOX

Another one with CCI back in the hot zone. buy signals on the recent horizontals but the overhead uptrends held resistance. Would take a gap over them on Monday to put me into scramble long mode.



DJT



ME

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