Search

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

This content and any associated materials are for informational, educational, and entertainment purposes only and nothing should be construed as a recommendation or rating to buy, hold, or sell any securities. BTA is not a licensed Adviser and can not give financial advice. Please see our Disclaimer on the Website

The Major Indexes finished down Slightly today, the indexes were basically flat. The Major Indexes are still trading at or below Key Moving Averages on the Daily and Weekly Charts

All the Major Indexes now have a New First Day Rally Attempt and the count for a Follow-Through has now started. The percentage of stocks in a Bullish Upswing is just above Neutral in all the Categories but they have improved. The percentage of Stocks in a Bullish Upswing for all Categories are

56% of the Dow Jones is on an Upswing


66% of the S&P 100 is on an Upswing


67% of the Nasdaq 100 is on an Upswing


66% of all Three Indexes Top Holdings is on an Upswing

The Advance-Decline Diff Invisible Chart Indicators are deep into negative territory and telling us to be in cash and move to the sidelines The Weekly Bollinger Band, Stochastic, RSI, and MACD Strategy has now completed the Set-Up week on all the Major Index ETFs (DIA, SPY, QQQ, IWM, and ITOT). We are now looking for the Signal week this week. The Bollinger Band trading Strategy is now reset. In regards to Economic reports. This week will be a big week for Housing Stocks on Friday important numbers come out that could cause more pressure on housing stocks.


Thursday On June 23, 2022, Fed Chair Powell Testifies again @ 10:00 am. He can Cause a lot of wild up and down Swings depending on what he says

Thursday, June 23, 2022, Initial Jobless Claims @ 8:30 am Friday, June 24, 2022, New Home Sales (May) The BEARS are Still in control for now, but the Bulls are trying to fight back Thank You BTA

5 views0 comments

Recent Posts

See All