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

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To: Magnatizer who wrote (69264)11/26/2022 11:18:00 AM
From: Magnatizer  Read Replies (1) of 73875
Weekly update


Sniffed the upper bounds of the key red uptrend channel. From last week "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"


moved through big blue

Still working a recently formed trendline.


Failed to get back to the overhead horizontal but maintained itself above the key thick red uptrend. Best bul/bear battle on the boards currently.

On Friday, I did take more TNA long position off the board. Down to 25% long the index ETF port.


Still working the top of the horizontal


Bulls not giving any ground back in a 3 bar rest period. I'll be looking to get long ME via a leveraged ETF. MEXX the most likely vessel.


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