Weekly Notebooks - Week 34
A brief note on my thoughts and important levels going into next week
Hi friends, thank you for checking out my weekly notebooks for week 34.
Download Notebook: https://bit.ly/2DSkCbH
Inside this notebook, you will find a short-term summary of my analysis of the top US indices and US sectors using technical analysis.
My observations from last week:
XLY once again closed at new all-time highs last week. The next upside objective is 164.50, which represents the 161.8% extension of the 2020 crash.
XLB continues its push higher and is only 2.40% below its ATH from 2018
XLE continues to just hold above support and is still a complete mess with a downward bias over the long-term.
If you have any questions about this notebook, please feel free to contact me on twitter: @granthawkridge
Download Notebook: https://bit.ly/3fYm6xX
Inside this notebook, you will find my significant price levels which in turn provides a base for my bullish, neutral or bearish thesis on the markets for the short-term future. It is worth mentioning these levels are subject to change when the price or any other data changes.
Bottom line: I continue to be bullish on the market with more charts crossing over to bullish if things continue, that means there may be lots of price level changes for my report next week.
It is worth mentioning again these levels are subject to change when the price/data changes... so yes, tomorrow they might be different!
Bullish: 14
Neutral: 7
Bearish: 2
So, if you have a different thesis for the market, please share your ideas in the comment section or get in contact with me on Twitter: @granthawkridge. The stock market always has two sides to the story… buyers and sellers, and it’s okay to switch between the two when the price and data changes.
If you have any other questions about this notebook, please feel free to contact me on Twitter: @granthawkridge
Stay safe and good luck out there…
GH
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