1.
Reversal Levels - Outlook for week of December 5, 2022

Number of S&P 500 stocks in bullish trends (blue line): 352 (70%) versus 328 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 438 (88%) versus 442 last week.

Situation is bullish and the number of stocks in bullish trends is going up. The daily bullish% (red line)
stays above the blue line. Ongoing rally.
© 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 4129 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 starts around 4100.
© Reversallevels.com
S&P 500 - Weekly

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

5.

SwX turns 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 Hong Kong HSI and Taiwan
TAIEX.

Turkey BIST100 is our current best
performer. It is up 236% since its Buy signal
58 weeks ago.
World markets
© Reversallevels.com

7.

Sell signal for USDJPY.

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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