Reversal Levels - Outlook for week of September 6, 2021

Number of S&P 500 stocks in bullish trends (blue line): 374 (75%) versus 376 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 345 (69%) versus 337 last week.

Situation is bullish but the number of stocks in bullish trends is sputtering. The daily bullish% (red line)
stays below the blue line, which is an ongoing sign of weak bullish participation. That’s a negative.
© Reversallevels.com


ELC: up | BMO: up | Blue snake: up | Repellor: up.

Indicators point up. But ELC appears to be flattening out just below the early 2018 high. The market
is very stretched and a painful correction of the huge move since early 2020 will come eventually.
© Reversallevels.com
S&P 500 Weekly chart


Ongoing partial profits signal for S&P 500 = a 41% gain in 65 weeks.
May have peaked.

Buy signal for Nikkei and China SSEC.

Gold is weak bearish and testing its RevL. A weekly close above
1827.70 would be a long term Buy signal.

EURUSD is weak bearish and may retest its RevL at 1.1944

10Y Notes are weak bullish Bullish with downward MoM. Could be a
failing rally.

Oil is weak bullish.
© Reversallevels.com
Major indices


Weak Buy signals South Korea KOSPI.

Partial profits signals for Netherlands AEX. A
35% gain in 43 weeks.

Partial profits signals for Switzerland SMI. An
18% gain in 42 weeks.

Significant improvement this week. Only a
few markets remain in bearish trends.

India SENSEX is our current best performer.
It is up 57% since its Buy signal 60 weeks
ago.
World markets
© Reversallevels.com


Buy signal for WBA.

Sell signal for V.

Partial profits signal for MSFT. An 83% gain in
73 weeks.

24 stocks bullish,unchanged from 24 last week.
Above 20 = bull market. See:
Keeping an eye on the Dow stocks

AAPL remains our best performer in this group.
A 122% gain since its Buy signal 72 weeks ago
and the move is ongoing.
.
30 Dow Jones Industrials stocks
© Reversallevels.com


No major changes this week.

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


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.
Discover how 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 rich quick formula.
Give it a try.