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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 (70404)3/13/2023 10:00:30 AM
From: Magnatizer  Respond to of 79454
 
Weekly update

typo on the SPX.

Bottom of cross Oct 24 cross bar: 2741

Should read: 3741



To: Magnatizer who wrote (70404)3/15/2023 4:46:00 PM
From: Magnatizer  Read Replies (2) | Respond to of 79454
 
Daily

Interesting day

DJI: cross bar on Tuesday. Tested the area below the new horizontal and uptrend channels before recovering this afternoon. A strong bull wouldn't have messed with that test but a strong bear wouldn't have let it recover. Calling this one a win for the bulls



SOX

Gap filled but there is still that bear win on the last test of the overhead horizontal. Sneaky.




To: Magnatizer who wrote (70404)3/16/2023 4:53:54 PM
From: Magnatizer1 Recommendation

Recommended By
Doug R

  Respond to of 79454
 
Weekly

Last bar in flight

Bulls anxious this week. Supports above target area's are providing quite a spring.
















To: Magnatizer who wrote (70404)3/19/2023 10:09:18 AM
From: Magnatizer1 Recommendation

Recommended By
Doug R

  Read Replies (2) | Respond to of 79454
 
Weekly

New Moon 3/21

DJI

Lower low, lower high but the simple trendline held well. Overhead resistance from the August 22 cross bar high.



SPX

similar to DJI



NDQ

Engulfing bar. The thick red overhead uptrend has been pivotal since formation (Aug 20-May 22). Should be an interesting battle ground when tested again.



RUT

Disregard the dash as the last bar, something happened with the database here.

Fallen back into a downtrend and couldn't hold the line when it fought out of it this week. Along with the quarterly look, it's just about fugly enough to be buying this bad boy. A stop sweep by the boys would certainly have my attention to buy.



SOX



DJT



ME

bears need to capitalize here. Failure is going to be a launch for the bulls