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Outlook for Week of September 19, 2022

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Reversal Levels - Outlook for week of September 19, 2022
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Number of S&P 500 stocks in bullish trends (blue line): 169 (34...

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ELC: down | BMO: down | Blue snake: up | Repellor: down.
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BMO keeps coming down. Last week’s rebound attempt failed spe...

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SwX is red bearish. Weekly MoM is going down.
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Picture is fully bearish. Wait and see until BMO bottoms out.
© Reversal...

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Outlook for Week of September 19, 2022

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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.

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.

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Outlook for Week of September 19, 2022

  1. 1. Reversal Levels - Outlook for week of September 19, 2022  Number of S&P 500 stocks in bullish trends (blue line): 169 (34%) versus 212 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 106 (21%) versus 246 last week.  Situation is bearish and the number of stocks in bullish trends is going down again. The daily bullish% (red line) is back below the blue line. Continuing downturn. © Reversallevels.com
  2. 2.  ELC: down | BMO: down | Blue snake: up | Repellor: down.  BMO keeps coming down. Last week’s rebound attempt failed spectacularly, so an ongoing bear market is once again the base scenario. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  SwX is red bearish. Weekly MoM is going down.  Picture is fully bearish. Wait and see until BMO bottoms out. © Reversallevels.com S&P 500 - Weekly
  4. 4.  SwX is red bearish. Weekly MoM is going down.  Support just below $1700 is getting another test. Appears to be cracking. © Reversallevels.com Gold - Weekly
  5. 5.  SwX stays red (bearish). Weekly MoM is going up, but not convincingly so.  Important support at 18000 has held so far. But with each new test it gets weaker. © Reversallevels.com Bitcoin - Weekly
  6. 6.  Bearish divergence for Dow Utilities.  Turkey BIST100 is our current best performer. It is up 128% since its Buy signal 47 weeks ago. World markets © Reversallevels.com
  7. 7.  No major changes this week.  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. 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 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.

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