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Reversal Levels - Outlook for week of December 2, 2019

Number of S&P 500 stocks in bullish trends (blue line): 371 (74%) versus 367 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 360 (72%) versus 318 last week.

Situation is bullish and the number of stocks in bullish trends is going up. The red line stays below the
blue line. This indicates an ongoing pause or pullback.
© Reversallevels.com

ELC: up | BMO: up | Blue snake: up | Repellor: up.

Indicators stay bullish. No signs of a peak yet. BMO is reaching the +2 peak zone, so I am watching
for a possible turn in this indicator.
© Reversallevels.com
S&P 500 Weekly chart

All major markets stay in bullish trends with upward MoM.

Bonds TLT are in bullish trend with upward MoM.

Gold is weak bullish. MoM has reached the zero line, this means the
odds for a bullish continuation are going up..

EURUSD changes to fully bullish with downward MoM. Will need to
pick up steam soon if a bearish continuation is to be avoided. The 1.10
level remains an important hold.

Oil stays weak bearish.

Wheat reverts to fully Bullish. Continuing bull move.
© Reversallevels.com
Major indices

Partial profits signal for Israel TA100. A 13%
gain in 40 weeks.

Most markets are in bullish trends with
upward MoM.

Trying to predict the exact top is rarely a
working strategy. It’s better to ride the move
until there are sell signals.
World markets
© Reversallevels.com

Partial profits signal for AAPL. A 34% gain in 23
weeks.

23 stocks bullish, unchanged from 23 last week.
Above 20 = bullish. See article:
Keeping an eye on the Dow stocks

In major market advances the number of bullish
stocks typically goes above 25. That hasn’t
happened yet, but we are coming very close.
.
30 Dow Jones Industrials stocks
© Reversallevels.com

Buy signal for USDMXN.

Sell signal for AUDUSD.

Bullish divergence for USDRUB.

Speculative Buy signal for EURGBP.

Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals so often.

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 weekly
bullish trends and sell the rips during weekly bearish trends.
Forex & Crypto
© Reversallevels.com

On Twitter: http://twitter.com/lunatictrader1

On Stocktwits: http://stocktwits.com/LunaticTrader

Website: 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.
Subscription service
Daily reversal levels for over 3000 stocks and ETF are available by monthly subscription.
For less than $1 a day 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 rick quick formula.
Give it a try.

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Outlook for Week of December 2, 2019

  • 1. Reversal Levels - Outlook for week of December 2, 2019  Number of S&P 500 stocks in bullish trends (blue line): 371 (74%) versus 367 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 360 (72%) versus 318 last week.  Situation is bullish and the number of stocks in bullish trends is going up. The red line stays below the blue line. This indicates an ongoing pause or pullback. © Reversallevels.com
  • 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up.  Indicators stay bullish. No signs of a peak yet. BMO is reaching the +2 peak zone, so I am watching for a possible turn in this indicator. © Reversallevels.com S&P 500 Weekly chart
  • 3.  All major markets stay in bullish trends with upward MoM.  Bonds TLT are in bullish trend with upward MoM.  Gold is weak bullish. MoM has reached the zero line, this means the odds for a bullish continuation are going up..  EURUSD changes to fully bullish with downward MoM. Will need to pick up steam soon if a bearish continuation is to be avoided. The 1.10 level remains an important hold.  Oil stays weak bearish.  Wheat reverts to fully Bullish. Continuing bull move. © Reversallevels.com Major indices
  • 4.  Partial profits signal for Israel TA100. A 13% gain in 40 weeks.  Most markets are in bullish trends with upward MoM.  Trying to predict the exact top is rarely a working strategy. It’s better to ride the move until there are sell signals. World markets © Reversallevels.com
  • 5.  Partial profits signal for AAPL. A 34% gain in 23 weeks.  23 stocks bullish, unchanged from 23 last week. Above 20 = bullish. See article: Keeping an eye on the Dow stocks  In major market advances the number of bullish stocks typically goes above 25. That hasn’t happened yet, but we are coming very close. . 30 Dow Jones Industrials stocks © Reversallevels.com
  • 6.  Buy signal for USDMXN.  Sell signal for AUDUSD.  Bullish divergence for USDRUB.  Speculative Buy signal for EURGBP.  Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals so often.  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 weekly bullish trends and sell the rips during weekly bearish trends. Forex & Crypto © Reversallevels.com
  • 7.  On Twitter: http://twitter.com/lunatictrader1  On Stocktwits: http://stocktwits.com/LunaticTrader  Website: 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. Subscription service Daily reversal levels for over 3000 stocks and ETF are available by monthly subscription. For less than $1 a day 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 rick quick formula. Give it a try.