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

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To: Magnatizer who wrote (74379)5/5/2024 6:09:46 PM
From: Magnatizer  Read Replies (1) of 79460
 
Daily

Critical window coming up. Multiple CCIs working on moving out of negative territory. Late last week strong moves through and or completely gapping overheads

DJI: CCI closing in on 0 line. Gapped up out of recent horizontal and uptrend on Friday. IHS breakout on CCI as well.

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SPX: CCI crossed 0 line and broke out of downtrend. price action: gapped key uptrend on Friday

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NDQ: similar to DJI plus a touch of the recent cross bar horizontal on Friday.

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RUT: similar but still below most recent uptrend channel. 100 points from the top of a 2+ year sideways range

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SOX: CCI closing in on 0 line. Downtrend not broken. still below recent cross horizontal

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DJT: CCI still well below 0 line but has positive divergence and downtrend breakout. Gapped out of most recent downtrend but could not keep it clear of the most recent horizontal.

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