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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 (73810)11/30/2023 4:07:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79479
 
RUT

Spent all day above the top of the cross horizontal. Had to buy one of the weakest looking buy signals I've seen. Full position long TNA

Gulp!

tradingview.com



To: Magnatizer who wrote (73810)12/2/2023 8:38:32 AM
From: Magnatizer  Read Replies (1) | Respond to of 79479
 
Daily

Indexes with Tline cross activity

DJI: left the 10/30 cross like it stole something. That horizontal channel should get a retest in the next several months but the way it powered through the overhead cross horizontal from the Sept 23 cross I think it will be a bit down the road

tradingview.com

It is at a key overhead uptrend now. It has been a key magnetic area since formation in 2018. DJI also rode it's associated trendline through the 21-22 highs. I've amped up the the lines to a 4x size on this image to make them easier to see through the noise:

tradingview.com

SPX

Cross this past Thursday and another due 12/6. Initial activity off Thursday cross points to a move up into the 12/6 cross. The overhead uptrends (which happen to be the cross lines) are in the 4670s

tradingview.com

RUT

Triggered a buy signal on Thursday with follow through on Friday. Would have preferred it stay clear of touching the horizontal on Friday's move but I'm not going to complain to much. That's a crushing of the bears bar right there. CCI in position to go hot.

tradingview.com

DJT

No recent signals but did clear itself of a significant cross horizontal on Friday. It has had trouble staying clear of this one since it formed in Feb 2022. CCI in a position to go hot so we'll soon know if this one has legs.

tradingview.com