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Outlook for Week of August 8, 2022

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Reversal Levels - Outlook for week of August 8, 2022
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Number of S&P 500 stocks in bullish trends (blue line): 223 (45%) v...

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ELC: up | BMO: up | Blue snake: up | Repellor: down.
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As anticipated, ELC turns up from a major low. Blue Snake is also...

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SwX is red – Bearish. Weekly MoM is going up.
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A significant rally, but not necessarily new highs, stays the current ba...

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Outlook for Week of August 8, 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 8, 2022

  1. 1. Reversal Levels - Outlook for week of August 8, 2022  Number of S&P 500 stocks in bullish trends (blue line): 223 (45%) versus 192 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 382 (76%) versus 417 last week.  Situation is neutral 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.  As anticipated, ELC turns up from a major low. Blue Snake is also turning back up. The case for a further rebound or new bull market is gaining traction. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  SwX is red – Bearish. Weekly MoM is going up.  A significant rally, but not necessarily new highs, stays the current base scenario. © Reversallevels.com S&P 500 - Weekly
  4. 4.  SwX is red bearish. Weekly MoM turns up from a major low.  This bodes well for a further rally and possibly new record highs. © Reversallevels.com Gold - Weekly
  5. 5.  SwX stays red (bearish). Weekly MoM keeps going up.  Important support at 18000 has held so far. Looking for a significant rally. © Reversallevels.com Bitcoin - Weekly
  6. 6.  Buy signal for Indonesia JCI, Israel TA100, Singapore STI and US Russell 2000.  Speculative Buy signal for XAU gold stocks index.  Nigeria NGSE is our current best performer. It is up 101% since its Buy signal 115 weeks ago. World markets © Reversallevels.com
  7. 7.  Partial profits for USDCNY and USDTRY.  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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