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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (69173)11/19/2022 9:07:24 AM
From: Magnatizer1 Recommendation

Recommended By
Doug R

  Read Replies (2) of 74309
 
Weekly update

DJI

Supports held, stayed clear of the 33213 horizontal top. All systems go for a move to test overhead uptrends. The red one is significant. it is associated with the red uptrend below. When they crossed in May 2015 it set a top that lasted into Nov 16. They have since been a centerpoint to the move up from 2017 on. Pulling away from this magnetic area will be the move that sends DJI into the stratosphere as it chases uptrends that look untouchable today

Positive divergence on the CCI

Wide angle



focused



SPX

Big blue holds resistance. It is a tough nut to crack right there. Positive divergence on the CCI



NDQ

Positive divergence on the CCI



RUT

Working the upper horizontal and conglomeration of trendlines, normal activity here. Would prefer to see it pull away from the grey downtrend ASAP, it has no need to retest that channel.



SOX

Working the top of the horizontal. Positive divergence on the CCI



ME

Tracking via the activity on the daily



DJT

Remains inside the uptrend channel. The grey trendline (and it's associated tline in the low 16k area) are significant



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