1. Reversal Levels - Outlook for week of May 22, 2023
 Number of S&P 500 stocks in bullish trends (blue line): 212 (43%) versus 228 last week.
 Number of S&P 500 stocks in daily bullish mode (red line): 227 (45%) versus 213 last week.
 Situation is bearish and the number of stocks in bullish trends is going down. The daily bullish% (red
line) climbs above the weekly bullish%. Rally is resuming.
© Reversallevels.com

2.  ELC: up | BMO: up | Blue snake: up | Repellor: up
 Market stays above the weekly Repellor (4086) and the rally appears to gather more traction.
© Reversallevels.com
S&P 500 Weekly chart

3. 
SwX is green - bullish. Weekly MoM is going up.
 Indicators keep pointing up and the index has finally closed above its Feb high.
© Reversallevels.com
S&P 500 - Weekly

4.  SwX is green - bullish. Weekly MoM is going down.
 The bearish divergence in weekly MoM suggests gold has peaked for a while.
© Reversallevels.com
Gold - Weekly

5.  SwX is green - bullish. Weekly MoM is going down
 MoM is gathering more downward traction. 31K is the rebound high so far. © Reversallevels.com
Bitcoin - Weekly

6. 
Sell signal for Dow Utilities.

Bearish divergence for Dow Industrials.

Argentina Merval is our current best
performer. It is up 219% since its Buy signal
45 weeks ago.
World markets
© Reversallevels.com

7. 
Bullish divergence for USDCHF.

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.  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 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 ETFs are available for subscribers.
Use our method to become a more efficient investor:
1 Month ($22) 6 Months ($110) 1 Year ($199)
Comes with 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.