Key reversal levels for week of February 17, 2014
Posted by Danny on February 16, 2014
Key reversal levels for next week:
|Weekly||Current||Mode||Key (W)||MoM (W)||Weeks||% Ch.|
(Legend: Mode: green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )
Comments on the weekly key reversal levels:
* Gold has closed above its weekly key reversal level and is now in bullish mode for the first time in 60 weeks.
* Crude oil has also turned bullish on the weekly level.
Latest daily key reversal levels:
|14/02/2014||Current||W||Mode||Key (D)||MoM (D)||Days||% Ch.||Str. #|
(Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W = weekly mode | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )
Comments on the daily key reversal levels:
* Nearly all stock indexes are rallying nicely with continued rising MoM. Exception is the Nikkei, which has been acting significantly weaker since the start of the year.
* Gold, oil and $EURUSD are also continuing to rise.
Our current key target zones (we use a +/-1% zone around these targets):
(* = new target ) (for more details about these key targets, see: https://lunatictrader.wordpress.com/2013/08/20/key-target-levels/ )
* No new targets.
PS: if you are looking for key reversal levels for other world markets or individual stocks, then follow me on Twitter. We also try to tweet the daily key reversal levels every day.
Good luck, Danny