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

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To: Magnatizer who wrote (69263)11/26/2022 11:36:00 AM
From: Magnatizer  Read Replies (1) of 74487
 
Daily

DJI

Sniffed 34400, I took all my UDOW off the board.

Expecting the new moon, August highs and this bunch of trendlines/horizontal area to give the bears a much needed win. Expect the dip to be minimal with boys reloading in the 33ks, then move to take out this overhead.

Gaps over the overhead green horizontals would force me to chase



SPX

Yawn



NDQ

Still yawning



RUT

similar to the weekly, the RUT is in trench warfare here. Both bulls and bears defending key areas. Bears have the best win with the defense of the overhead horizontal channel but the bulls bounced right back defending a return to the downtrend channel. Nice coil



SOX

Bulls won the horizontal retest then failed to put the bears away in a light trading week. SOXL still my largest position in the ETF portfolio but Friday was a dud, bulls need to regain momentum quick or we'll be filling up gaps soon



ME

The daily here slows my roll on the weekly read. Not nearly as impressive as it's lost the uptrends and failed to breakout of the cross bar horizontal channel. With another cross hitting Dec 5 I think I'll hang tight



DJT

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