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Major Market Swing Signal (End of Day) Monday 6-13-22

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The Major Indexes sold off very hard the last 3 trading days.

The CPI (inflation Report) came in very high and the market traded down. Today the market continued the sell-off.


We warned everyone that the market was facing a lot of overhead resistance and the large investors were not buying into the rally. We also told everyone that the rally had a 50% chance of Failing


All the Recent selling was on heavy volume that is showing us that the large investors are getting out.


The Rally is now DEAD and we will start looking for a 1st Day Rally attempt and a New Follow-Through Day


The Indexes are still trading below all our key Moving Averages and pushing to the downside.


For the first time since the creation of LOIS, the percentage of stocks in a Bullish Upswing is ZERO in all the Categories. These are the most BEARISH reading we have seen yet.


0% of the Dow Jones is on an Upswing


0% of the S&P 100 is on an Upswing


0% of the Nasdaq 100 is on an Upswing


0% of all Three Indexes Top Holdings is on an Upswing


The Advance-Decline Diff Invisible Chart Indicators are back in negative territory and telling us to be more in cash and move more to the sidelines


The Weekly Bollinger Band, Stochastic, RSI, and MACD Strategy has now fallen back below the lower band of the Bollinger Band on all the Major Index ETF's (DIA, SPY, QQQ, IWM, and ITOT). We must now wait for a NEW Set-Up Week and Start the trading Strategy Over


There will be a lot of Economic reports and events coming out this week we must be very careful and we expect a lot of wide Price Swings, Tuesday 6-14-22 PPI (Producer Price Index) is another Inflation Indicator if it comes in really high it could push the market down.


Wednesday 6-15-22 look out for Core Retail Sales and Retail Sales in the morning. Then the Most important Fed Interest Rate Decision at 2 pm on Wednesday 6-15-22 then the Press Conference at 2:30. This could really move the Market Up or Down.


Thursday 6-16-22 we will get Building Permit Numbers and Initial Jobless Claims


Then on Friday, 6-17-22 Fed Chair Powell Speaks at 8:45 am


The BEARS are FIRMLY in control now. The Bear Market is now back in place


Thank You

BTA

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