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Outlook for Week of January 9, 2023

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Outlook for Week of January 9, 2023

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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 keeping losses small.

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 keeping losses small.

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Outlook for Week of January 9, 2023

  1. 1. Reversal Levels - Outlook for week of January 9, 2023  Number of S&P 500 stocks in bullish trends (blue line): 301 (60%) versus 285 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 321 (64%) versus 186 last week.  Situation is bullish and the number of stocks in bullish trends is going up. The daily bullish% (red line) is back above the weekly bullish%. New upswing has started. © Reversallevels.com
  2. 2.  ELC: up | BMO: down | Blue snake: up | Repellor: down.  BMO is going down, which means the rebound rally could be over. If BMO bottoms out near the zero line then the picture would improve a lot. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  SwX stays yellow - neutral. Weekly MoM is going down from a weak high.  Two major trendlines keep converging. We have to see which one prevails. © Reversallevels.com S&P 500 - Weekly
  4. 4.  SwX is green - bullish. Weekly MoM is going up with bullish divergence.  Rally is continuing as expected and there is room to rise further. © Reversallevels.com Gold - Weekly
  5. 5.  SwX is yellow - neutral. Weekly MoM is going up with bullish divergence.  Setup that can give us a major rally, once that blue trend channel is left behind. © Reversallevels.com Bitcoin - Weekly
  6. 6.  Weak Buy signals for Mexico IPC and Switzerland SMI.  Turkey BIST100 is our current best performer. It is up 262% since its Buy signal 63 weeks ago. World markets © Reversallevels.com
  7. 7.  Speculative Buy signal for USDJPY.  Bullish divergence for Ethereum.  Bearish divergence for USDCAD.  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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