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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 (73513)	11/2/2023 4:39:21 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79449

Daily tradingview.com DJI support/resistance values across multiple time frames: docs.google.com tradingview.com tradingview.com tradingview.com Very significant gap today clearing the downtrend channel. tradingview.com tradingview.com What I don't like about this is essentially every index is acting in unison. CCI 55 -200 signal bars, strong move north for the balance of the week. DJI being the outlier with the CCI signals coming a few weeks back and now triggered by the cross bar (monday). Still a very similar pattern. Index ETF port will stay in the 45-50% long side with tight stops. I fully expect to see a retest of the recently developed horizontal channels in the next month. When those levels hold I'll be more inclined to get 100% long.

To: Magnatizer who wrote (73513)	11/3/2023 9:39:47 AM
From: Magnatizer	Respond to of 79449

DJI Took off 1/2 of position on key overhead test tradingview.com

To: Magnatizer who wrote (73513)	11/12/2023 11:40:46 AM
From: Magnatizer	1 Recommendation Recommended By Doug R Read Replies (1) \| Respond to of 79449

DJI Spreadsheet snapshot of the weeks support and resistance levels across daily, weekly, monthly and quarterly scales: docs.google.com Charts Daily tradingview.com Cross working it's magic. It is quite unusual for a cross horizontal to not get a retest/sniff before setting a significant leg one way or the other. I expect DJI to retest the cross horizontal, 32.5-33k range before it puts together the next bull explosion, perhaps after a sniff of the 34.5-34.7 range where several key horizontals await. Weekly tradingview.com Recovered the key uptrend quickly after losing it last week. Of note, there is a cross horizontal from last years low entry area which has not retested. It's a rare cross/signal bar horizontal: 28.8-30.4k range Last bar in flight on the next two: Monthly tradingview.com Quarterly: tradingview.com