WEEKEND WRAP UP JULY 23

 

SPX - This could be a swing high, but we also saw this type pf action 5 days ago, didn't we. Also we see that Friday ended as a reversal higher, so a confirmed swing high would need to drop below  2460, at this point.

 

SXP WEEKLY - The SPX Longer term chart is at an area that has been toppy in the past.  It can just keep climbing, or drop into an overdue ICL, so trailing stops should remain in place.

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FRIDAY JULY 21

Today is Friday and this week has seen a lot of trades setting up and following through.  Let's take a look at some of the action...

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Thursday July 20- ENERGY NOW PERKING UP TOO

Things are really stacking up for traders and investors now. As mentioned in prior reports, and proven true on a day to day basis, Metals, Energy, Solar stocks, Precious Metals, and more are all signaling good things to come.  Let's get right into it...

   

NASDAQ - The NASDAQ has moved higher for 9 straight days.  It even gapped open on Wednesday. We got a 'safer buy signal' on the move out of the lows above the 50sma last week, so...

If you entered TQQQ you are up 11% in 8 days. Not bad for a fairly safer trade.

I do want to mention 1 thing though....

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