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.

1. Reversal Levels - Outlook for week of May 2, 2022

Number of S&P 500 stocks in bullish trends (blue line): 181 (36%) versus 227 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 102 (20%) versus 180 last week.

Situation is bearish and the number of stocks in bullish trends keeps going down. The daily bullish%
(red line) is below the blue line. This suggests a continuation of the recent declines.
© Reversallevels.com

2. 
ELC: down | BMO: down | Blue snake: down | Repellor: down.

BMO turns down from a weak high, so the scenario of a continuing correction or bear market is
gaining more and more traction.
© Reversallevels.com
S&P 500 Weekly chart

3. 
SwX is red – Bearish. Weekly MoM is also bearish after a weak dead-cat bounce.

Looks like a continuing bear market so we better wait for indicators to turn back up.
© Reversallevels.com
S&P 500 - Weekly

4. 
SwX is green = bullish. But weekly MoM is going down.

Ongoing hesitation. The long term trendline may get a revisit and that will be a very important tell.
© Reversallevels.com
Gold - Weekly

5. 
SwX stays red (bearish). Weekly MoM turns back down at the zero line

Renewed weakness. Watch trendline support near 35k. Things will get very ugly if broken.© Reversallevels.com
Bitcoin - Weekly

6. 
Sell signal for Canada TSX, Mexico IPC and
Gold stocks XAU.

Bearish divergence for India Sensex.

Partial profits signal for Indonesia JCI and
Bloomberg Commodity Index BCOM.

Nigeria NGSE is our current best performer.
It is up 97% since its Buy signal 101 weeks
ago.
World markets
© Reversallevels.com

7. 
Buy signal for USDCAD.

Sell signal for Ethereum.

Speculative Buy signal for GBPUSD.

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. 
On Twitter: https://twitter.com/lunatictrader1

On GETTR: https://gettr.com/user/lunatictrader

On Stocktwits: https://stocktwits.com/LunaticTrader

Daily blog posts: Reversallevels.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.