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 (71774)	8/29/2023 9:22:57 PM
From: Magnatizer	1 Recommendation Recommended By Doug R Read Replies (2) of 79429

Daily Most indexes have moved up to a retest of overhead resistance DJI Key channel overhead. Formed Oct 22 to March 23. Has provided active support since on multiple tests. The break of on Aug 17 being the most significant since May 2023. Failure to regain the channel here points to sideways/down into the mid Sept cross. SPX Testing out it's own overhead uptrend channel NDQ ditto RUT My least favorite of the daily charts. Bouncing off air with my stuff. No cross until November. Quick fail overhead when it lost it's most recent uptrends earlier in August. SOX My primary focus is that CCI weekly cross high but there is another cci horizontal channel in the area with a 3644 top. Overhead red uptrend is similar to others above in that it's relatively new, was lost in early August and we're closing in on a sniff test. DJT Not leading, not following, just there. The charts with dual crosses in short windows tend to have this sorta sideways action for a bit. It's trench warfare. ME Remains on the beach enjoying it's pina colada. Someone tell ME the bar is closed and the siesta is over.

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