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

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Recommended by:
Doug R
To: Magnatizer who wrote (73736)11/27/2023 9:20:40 AM
From: Magnatizer1 Recommendation  Read Replies (1) of 79449
 
Weekly

DJI tradingview.com

SPX tradingview.com Back to the thick blue uptrend (from 86).

NDQ tradingview.com Working the lowest of the recent triple wiggle uptrends and the top of the associated triple wiggle horizontal channel. Cross coming Mid Dec. Should take a break here and wait for the cross to propel it.

RUT tradingview.com

SOX tradingview.com Yowsa that's a lot of noise. Did stay completely clear of the recent signal (double wiggle) horizontal channel. Bulls need to hold the line on the cross channel when it's retested, best if they use the top of it for support (3580)

DJT tradingview.com

Broader view to show the thick grey uptrend in context. Amazing what this one little bar from the week of Dec 13, 2010 has given.

The action around this set of CCI channels (horizontal, cross and uptrend) has been quite the attraction for DJT since formation in Dec 2010.

tradingview.com
Horizontal from the Dec signal held the market sideways into Dec 2012
Cross marked the low in Sept 2011

tradingview.com
The uptrend channel then went to work. it's played a role in market tops all the way up to the recent 2023 high. DJT now knocking on the door again.
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