More Related Content More from LunaticTrader (17) Reversal Levels Outlook for Week of December 18, 20231. Reversal Levels - Outlook for week of December 18, 2023
Number of S&P 500 stocks in bullish trends (blue line): 388 (78%) versus 344 last week.
Number of S&P 500 stocks in daily bullish mode (red line): 436 (87%) versus 400 last week.
Long term bullish with the number of stocks in bullish trends going up. The daily bullish% (red line)
stays above the weekly bullish%. Ongoing rally.
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2. ELC: up | BMO: up | Blue snake: up | Repellor: up
BMO is in the +2 peak zone but still climbing.
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S&P 500 Weekly chart
3.
SwX is green - bullish. Weekly MoM is going up with further room to rise.
New high for the year. Rally is closing in on the all time highs.
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S&P 500 - Weekly
4. SwX turns green - bullish. Weekly MoM turns down
Mixed messages. Still looks uncertain after the failure of the recent breakout attempt.
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Gold - Weekly
5. SwX is green - bullish. Weekly MoM is at a very high +9.7.
Trendline resistance at 44-45k was not overcome, but there may be a 2nd
attempt. © Reversallevels.com
Bitcoin - Weekly
6.
Buy signal for South Korea KOSPI.
Most international markets are back in bullish
trends and adding to recent gains.
World markets
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7.
Partial profits signal for Bitcoin and USDTRY.
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.
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