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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (69147)

11/10/2022 10:31:42 PM

From: Magnatizer

Respond to of 79459

Weekly update

Friday watch edition, what an amazing day Thursday provided us. Bulls are just showing off now. I do expect a reaction tomorrow to today's move, the boys will want more inventory.

DJI

close above 33213 on Friday would provide a 3rd out of last 4 weeks buy signal. That's quite a reaction to a cross, they are slicing through overheads with force.

SPX

Close over 3905 is a buy signal from the last cross bar. Needs to close over 4063 to clear both of the cross bar highs.

NDQ

I am more focused on the low of this weeks bar than the high. Staying elevated above the downtrend at the low and closing above 11423 would be a strong signal the bulls are ready to charge to the top of the horizontal channel at 12682

RUT

Trendline triple mash (none are associated) is around 1850. Close around that level or higher is a healthy win for the bulls. Staying north of the grey downtrend would be the first step to the breakout. That downtrend has been sticky, it's tried 2x now to get out of it only to fail.

SOX

Would be cool to see it hit 2719 then retrace tomorrow. Pretty solid bull move off that downtrend sniff from a few weeks back.

ME

Still a beauty of a chart for the next China

To: Magnatizer who wrote (69147)	11/10/2022 10:32:02 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79459

Weekly update Friday watch edition, what an amazing day Thursday provided us. Bulls are just showing off now. I do expect a reaction tomorrow to today's move, the boys will want more inventory. DJI close above 33213 on Friday would provide a 3rd out of last 4 weeks buy signal. That's quite a reaction to a cross, they are slicing through overheads with force. SPX Close over 3905 is a buy signal from the last cross bar. Needs to close over 4063 to clear both of the cross bar highs. NDQ I am more focused on the low of this weeks bar than the high. Staying elevated above the downtrend at the low and closing above 11423 would be a strong signal the bulls are ready to charge to the top of the horizontal channel at 12682 RUT Trendline triple mash (none are associated) is around 1850. Close around that level or higher is a healthy win for the bulls. Staying north of the grey downtrend would be the first step to the breakout. That downtrend has been sticky, it's tried 2x now to get out of it only to fail. SOX Would be cool to see it hit 2719 then retrace tomorrow. Pretty solid bull move off that downtrend sniff from a few weeks back. ME Still a beauty of a chart for the next China DJT No struggles with the top of the horizontal channel. I suspect it will sniff that 13632 again before it really gets going north