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 8, 2023
 Number of S&P 500 stocks in bullish trends (blue line): 240 (48%) versus 245 last week.
 Number of S&P 500 stocks in daily bullish mode (red line): 213 (43%) versus 263 last week.
 Situation is neutral and the number of stocks in bullish trends is going down. The daily bullish% (red
line) is below the weekly bullish%. Rally is on hold.
© Reversallevels.com

2.  ELC: up | BMO: up | Blue snake: up | Repellor: up
 Market stays above the weekly Repellor (4081), but needs to gain more traction if it is to avoid
another failed breakout.
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S&P 500 Weekly chart

3. 
SwX is green - bullish. Weekly MoM is going up.
 Indicators keep pointing up, but a move above the Feb high is needed to confirm the rally.
© Reversallevels.com
S&P 500 - Weekly

4.  SwX is green - bullish. Weekly MoM is turning back up
 Gold tested its all time high, but came back down. No convincing breakout (yet).
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Gold - Weekly

5.  SwX is green - bullish. Weekly MoM is going down
 The 33k level remains a target, but MoM seems to have peaked for a while. © Reversallevels.com
Bitcoin - Weekly

6. 
Sell signal for Indonesia Turkey BIST100.

Argentina Merval is our current best
performer. It is up 180% since its Buy signal
43 weeks ago.
World markets
© Reversallevels.com

7. 
Sell signal for EURGBP.

Bullish divergence for AUDUSD.

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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