1.
Reversal Levels - Outlook for week of December 12, 2022

Number of S&P 500 stocks in bullish trends (blue line): 328 (66%) versus 352 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 304 (61%) versus 438 last week.

Situation is bullish but the number of stocks in bullish trends is going down. The daily bullish% (red
line) has fallen below the weekly bullish%. The rally is now in question.
© Reversallevels.com

2.

ELC: up | BMO: up | Blue snake: up | Repellor: down.

This is a major rebound rally, if not a new bull market. A move above the Repellor at 4123 would add
to bullish evidence.
© Reversallevels.com
S&P 500 Weekly chart

3.

SwX stays yellow - neutral. Weekly MoM goes up with bullish divergence.

Early October low has become a must hold level. Overhead resistance stays around 4100.
© Reversallevels.com
S&P 500 - Weekly

4.

SwX is green - bullish. Weekly MoM is going up with bullish divergence.

Climbing further and plenty room to rise. The $1800 level is offering some resistance. © Reversallevels.com
Gold - Weekly

5.

SwX is yellow - neutral. Weekly MoM is going down.

Wait for signs of a bottom. MoM would paint a bullish divergence if it can turn up. © Reversallevels.com
Bitcoin - Weekly

6.

Buy signals for Nigeria NGSE.

Turkey BIST100 is our current best
performer. It is up 239% since its Buy signal
59 weeks ago.
World markets
© Reversallevels.com

7.

Weak Buy signal for USDCAD.

Bearish divergence for USDBRL.

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.

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.
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