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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 (70614)	4/13/2023 9:25:08 PM
From: Magnatizer	Respond to of 79450

Weekly Last bar in flight

To: Magnatizer who wrote (70614)	4/15/2023 12:42:14 PM
From: Magnatizer	Read Replies (2) \| Respond to of 79450

Weekly DJI Moving away from the key blue uptrend. The lows set last Oct look very much in the rear view here. Still quite a bit of overhead to work through from the April 21-April 22 sideways action which is where the late 22, early 23 bull push stalled. Once it moves through new ATH ahead. This is a key index for me this Q due to the cross. Bull into July 1 most certainly preferred SPX Knocking on the door. Looks more like upper 43 to lower 4400s before the bears will have ammo to defend properly NDX Hanging onto the horizontal channel and bouncing off a sniff of the red uptrend channel. Soild bull week for the NDX RUT Sneaking away from that sticky downtrend channel. I like it long quite a bit here. In the index portfolio, TNA is both my heaviest position and the one with the tightest stops. It needs to move away from the downtrend channel. SOX This one is bothering me. The horizontal channel it's been testing since January continues to hold resistance. Bulls need to win that line soon or it's back to low 2700s for a test. DJT Caught a mismarked downtrend channel from the last signal bar. Fixing it was timely as the new trendlines cross the week of May 22. Concern here is the loss of the overhead uptrend which is a negative. The DJT ability to suspend itself above the horizontal channel below (13632 is the top) is impressive but it's no-mans land here. Am long this index via TPOR but not nearly all in. Going to tighten up the stops and wait for late May to get aggressive. ME No quit in Mexico. So many opportunities for the bears since late January, they've failed over and over. I like ME quite a bit here.