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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.
© Reversallevels.com
 ELC: up | BMO: up | Blue snake: up | Repellor: up
 BMO is in the +2 peak zone but still climbing.
© Reversallevels.com
S&P 500 Weekly chart

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.
© Reversallevels.com
S&P 500 - Weekly
 SwX turns green - bullish. Weekly MoM turns down
 Mixed messages. Still looks uncertain after the failure of the recent breakout attempt.
© Reversallevels.com
Gold - Weekly
 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

Buy signal for South Korea KOSPI.

Most international markets are back in bullish
trends and adding to recent gains.
World markets
© Reversallevels.com

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
© Reversallevels.com

Twitter: https://twitter.com/lunatictrader1

Stocktwits: https://stocktwits.com/LunaticTrader

Blog 1: Reversallevels.com
 Blog 2: LunaticTrader.com
Follow us on social media:
© 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 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.
Join our subscription service
Buy and sell signals for over 3000 stocks, indexes, forex, crypto and ETFs.
Access to our unique strategies for short term trading and longer term investing.
Example trades to demonstrate the various strategies in real time.
Daily "market read" with charts and comments for the S&P 500, based on our unique proprietary
indicators.
This is an honest and realistic method with limited risk, not a get rich quick formula.
Sign up here:
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Reversal Levels Outlook for Week of December 18, 2023

  • 1. 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. © Reversallevels.com
  • 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up  BMO is in the +2 peak zone but still climbing. © Reversallevels.com 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. © Reversallevels.com 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. © Reversallevels.com 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 © Reversallevels.com
  • 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 © Reversallevels.com
  • 8.  Twitter: https://twitter.com/lunatictrader1  Stocktwits: https://stocktwits.com/LunaticTrader  Blog 1: Reversallevels.com  Blog 2: LunaticTrader.com Follow us on social media: © 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 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. Join our subscription service Buy and sell signals for over 3000 stocks, indexes, forex, crypto and ETFs. Access to our unique strategies for short term trading and longer term investing. Example trades to demonstrate the various strategies in real time. Daily "market read" with charts and comments for the S&P 500, based on our unique proprietary indicators. This is an honest and realistic method with limited risk, not a get rich quick formula. Sign up here: 1 Month ($22) 6 Months ($110) 1 Year ($199)