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.

1. Reversal Levels - Outlook for week of May 29, 2023
 Number of S&P 500 stocks in bullish trends (blue line): 188 (38%) versus 212 last week.
 Number of S&P 500 stocks in daily bullish mode (red line): 160 (32%) versus 227 last week.
 Situation is bearish and the number of stocks in bullish trends is going down. The daily bullish% (red
line) is back below the weekly bullish%. Rally is in doubt again.
© Reversallevels.com

2.  ELC: up | BMO: down | Blue snake: up | Repellor: up
 Market stays above the weekly Repellor (4090) and the rally appears to gather more traction. But
BMO turns down, which is a warning sign if not reversed quickly.
© Reversallevels.com
S&P 500 Weekly chart

3. 
SwX is green - bullish. Weekly MoM is going up.
 Indicators keep pointing up and the index makes a first weekly close above 4200.
© 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.
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Gold - Weekly

5.  SwX is green - bullish. Weekly MoM is going down
 MoM is gathering more downward traction. No sign of a bottom yet. © Reversallevels.com
Bitcoin - Weekly

6. 
Buy signal for Nigeria NGSE

Sell signal for Canada TSX and Hong Kong
HSI.

Bearish divergence for South Africa JOHA

Argentina Merval is our current best
performer. It is up 222% since its Buy signal
46 weeks ago.
World markets
© Reversallevels.com

7. 
Bullish divergence for USDCAD and USDMXN.

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
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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:
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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.
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