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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 (69367)12/21/2022 7:48:25 AM
From: Magnatizer  Respond to of 76390
 
Monthly

Last bar still forming














To: Magnatizer who wrote (69367)12/31/2022 8:30:41 AM
From: Magnatizer1 Recommendation

Recommended By
Doug R

  Read Replies (2) | Respond to of 76390
 
Monthly

DJI

Support test held. Lost breakout over grey channel but did have a higher high, higher low month. Normal activity to be testing the thick blue uptrend a bit, it's worth inspection. There is no need to test it's associated trendline in the upper 29k area. It's fully vetted.



SPX

Remains in the neutral zone from the tline cross bar horizontal channel.



NDQ

Remains a concern for the bulls. Testing bottom of horizontal formed with the >200 wiggle (Oct 2020 to July 2021). Not abnormal behavior here but bulls need this test of the bottom of the channel to end. All recent uptrend channels already broken.

Whichever way it breaks here the trend likely lasts into the Aug 23 cross. Break north here would target a retest of 15.5 to 16.6k (Dec 21 tline cross channel).



RUT

No mans land



SOX

Using the horizontal as support and somewhat holding onto the uptrend. Like the NDQ, a trendline cross hitting August 23. Whichever direction it breaks here likely sets the trend into end of summer.

Has a pesky tline cross horizontal channel below, it was not fully vetted in 2020.



DJT

In the tline cross horizontal zone, neutral