Trends continue to call for Upward movement

Nov 30, 2022

So I had missed the 12hr had a downtrend, which is a lower high. Once I recognized that, I've gone long once again at about 3965.

There is the potential that we head lower to a Daily Downtrend signal, although... if we do, then we would have no trends to take us lower. I do find it fairly bizarre that the 30m managed to counter every lower high trend and get us to the 12hr downtrend.

The trends overall are as follows;
Last Macro Trend Signal Spots
30m - 3994 Downtrend (11/28/2022) Lower Low
1Hr - 4031 Downtrend (11/25/2022) Higher Low
2Hr - 4016 Downtrend (11/27/2022) Higher Low
3Hr - 4008 Downtrend (11/27/2022) Higher Low
4Hr - 4005 Downtrend (11/27/2022) Higher Low
6Hr - 3985 Downtrend (11/28/2022) Higher Low
12Hr - 3958 Downtrend (11/29/2022) Higher Low
Daily - 3923 Uptrend (10/28/2022) Lower High
Weekly - 4366 Downtrend (2/14/2022) Higher Low

We have serious Economic Data which I go over in the video, but ultimately keep an eye on the job data that comes out today, the GDP, and then prepare for Jerome Powell to speak later on.

Overall, my sentiment is still as follows;
Shorter Term - Bullish
Short Term - Bullish
Medium Term - Bullish/Neutral
Long Term - Neutral/Bearish

Remember your risk management and trade safely!

Nov 30, 2022

Note

Looks like GDP had a small surprise to the upside, as did GDP prices. The market currently has not enjoyed this news and it reversed the upward movement we saw from the ADP Job Data.

Moreover, it looks like both movements from the past two major items have done little to shake the market in either direction.

Nov 30, 2022

Note

After being stopped out for a whopping $50... I have gone back in long, yet again at 3951 using the 3200 tick chart to identify an entry... This lackluster movement is frustrating though.

Nov 30, 2022

Note

Jolts job Data came in and appears to be a little higher than expected. That shows easing in the labor market, and SHOULD be good news for countering inflation, however I've yet to see that movement yet.

Nov 30, 2022

Note

Stopped out again................

Nov 30, 2022

Note

I am Long again at 3943........................

Nov 30, 2022

Note

And all is well in the world again...... frustration and threading of the market has clearly paid off.

That being said, Powell has said that the JOLTs Job Data shows signs of easing and shows they are succeeding in battling inflation and an overheated labor market.

I feel like someone said that... 4 hours ago.. I wonder who? Hmmmmmmmmmmmm lol

Nov 30, 2022

Note

As you can imagine... there have been several uptrend signals during this speech rally.

Nov 30, 2022

Note

I have cashed out at 4043 for a 100 point gain. That covers last week and this weeks target goals and I feel holding out further is being greedy.