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 30, 2022

Number of S&P 500 stocks in bullish trends (blue line): 152 (30%) versus 118 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 339 (68%) versus 85 last week.

Situation is bearish but the number of stocks in bullish trends is going up. The daily bullish% (red line)
is above the blue line and above 50%. This means a rally has started
© Reversallevels.com

2. 
ELC: down | BMO: down | Blue snake: down | Repellor: down.

Market has veered back to the middle of the “blue snake”. BMO is near -2, which is where major long
term lows tend to be formed.
© Reversallevels.com
S&P 500 Weekly chart

3. 
SwX is red – Bearish. Weekly MoM is also bearish and at 2 year lows

BMO is flattening out and once it turns up a significant rally should follow.
© Reversallevels.com
S&P 500 - Weekly

4. 
SwX is red - bearish. Weekly MoM is going down at a fast pace.

Not looking good and unless gold can rebound >1860 very quickly, a drop <1700 is in the cards.
© Reversallevels.com
Gold - Weekly

5. 
SwX stays red (bearish). Weekly MoM is also bearish.

Critical long term trendline support near 35k has broken and crash is under way. Wait. © Reversallevels.com
Bitcoin - Weekly

6. 
Buy signal for Spain IBEX.

Weak Buy signal for Indonesia JCI.

Bullish divergence for France CAC40,
Netherlands AEX, South Korea KOSPI and
Sweden OMX30.

Nigeria NGSE is our current best performer.
It is up 114% since its Buy signal 105 weeks
ago.
World markets
© Reversallevels.com

7. 
No major changes this week.

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

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.
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