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- Last Update: 30 July 2021, 15:10
Support / Resistance Lines
22 July - Market continues to slowly climb.
8 July - Markets are cooling off. This may hurt in the short term but is a healthy development going forward.
Jun: See Charts 0015 and 0016. Divergence- S&P 500 continues well above the Long Term Trend
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MEDIUM TERM (Weekly), Chart 0014: S&P 500 Weekly: Trending Bullish on 30Jul21
LONG TERM (Monthly), Chart 0015: S&P 500 Monthly: Unsustainably Over Trend on 30Jul21
0000 - 0000: Commentary
0010 - 0999: Sectors, Indexes, Long Term
1000 - 1999: United States
2000 - 2999: International
3000 - 3999: Metals, Oil/Gas, Bonds, Innovation
5000 - 5999: Leveraged
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0000 - Market Commentary: This Chart is used for observations and comments of general interest.
5July20: In most cases, the last five weeks have actually been NEUTRAL
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Note: SHORT TERM Ratings are based on daily price activity and can be quite volatile. SHORT TERM Ratings should only serve as an %27early warning indicator%27.
When a Trend is relatively persistent the SHORT TERM Rating is set, depending on direction, to Turned Down/Bear or Turned Up/Bull. Otherwise the rating is set to Neutral.
Ratings on MEDIUM TERM Charts are based on Weekly activity and are an indicator of longer term direction so pay close attention to these if you are a longer term investor.
StockCharts Technical Rank (SCTR) is very useful insofar as it tells how well or how poorly a security has done over time; an ETF that has earned a very low SCTR is not nearly as good a prospect as one with a very high SCTR. Given two ETFs, both of which have been given Turned Up/Bull ratings, favor the ETF with a high SCTR and avoid those with low scores.
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