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Outlook for Week of August 22, 2022

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Reversal Levels - Outlook for week of August 22, 2022
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Number of S&P 500 stocks in bullish trends (blue line): 310 (62%) ...

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ELC: up | BMO: up | Blue snake: up | Repellor: down.
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Market sputters at the Repellor line. This is where the market wo...

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SwX is yellow - neutral. Weekly MoM keeps going up.
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A significant rally is underway. The red overhead resistance line ...

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Outlook for Week of August 22, 2022

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Free weekly newsletter with outlook and brief comments for world stock markets. Weekly reversal levels for stocks, gold, crypto currencies and forex. This method was designed to keep you on the right side of the market most of the time, letting the winners run while avoiding big losses.

Free weekly newsletter with outlook and brief comments for world stock markets. Weekly reversal levels for stocks, gold, crypto currencies and forex. This method was designed to keep you on the right side of the market most of the time, letting the winners run while avoiding big losses.

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Outlook for Week of August 22, 2022

  1. 1. Reversal Levels - Outlook for week of August 22, 2022  Number of S&P 500 stocks in bullish trends (blue line): 310 (62%) versus 304 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 421 (84%) versus 449 last week.  Situation is bullish and the number of stocks in bullish trends keeps going up. The daily bullish% (red line) stays above the blue line. Ongoing rally. © Reversallevels.com
  2. 2.  ELC: up | BMO: up | Blue snake: up | Repellor: down.  Market sputters at the Repellor line. This is where the market would typically turn down if the recent advance was only a bear market rally. So this is an important juncture to watch. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  SwX is yellow - neutral. Weekly MoM keeps going up.  A significant rally is underway. The red overhead resistance line is worth watching. © Reversallevels.com S&P 500 - Weekly
  4. 4.  SwX is red bearish. Weekly MoM keeps going up from a major low.  This bodes well for a further rally and possibly new record highs if SwX turns back up too.© Reversallevels.com Gold - Weekly
  5. 5.  SwX stays red (bearish). Weekly MoM keeps going up.  Important support at 18000 has held so far. Rally is on. © Reversallevels.com Bitcoin - Weekly
  6. 6.  No major changes this week.  Turkey BIST100 is our current best performer. It is up 104% since its Buy signal 43 weeks ago. World markets © Reversallevels.com
  7. 7.  Sell signal for AUDUSD.  Note for daytraders or swing traders: if you do your trading in the direction of the weekly trend you are likely to do well in the long run. So, try to buy the pullbacks in currencies pairs that are in bullish trends and sell the rallies during bearish trends. Forex & Crypto © Reversallevels.com
  8. 8.  On Twitter: https://twitter.com/lunatictrader1  On Stocktwits: https://stocktwits.com/LunaticTrader  Blog 1: Reversallevels.com  Blog 2: LunaticTrader.com For daily comments and questions you can find us here: © Reversallevels.com Disclaimer Investing in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will be correct. Reversallevels.com cannot in any way be responsible for eventual losses you may incur if you trade based on the given information. Simulated trading programs in general are subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Trade at your own risk and responsibility. Subscription service Daily reversal levels for over 3000 stocks and ETF are available by monthly subscription. Discover how you can become a more efficient investor: 1 Month ($22) 6 Months ($110) 1 Year ($199) Comes with full instructions and strategies for using the reversal levels and MoM indicator in your own trading. This is an honest method with limited risk, not a get rich quick formula. Give it a try.

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