14 October 2022 – Weekly Review – Bearish market continues

Indices/Weekly Indices as of close of 14 October 2022 — Chart 1: Weekly chart of the S&P 500 sectors

Summary (3-Day Chart)
$DJT – DownTrend with downward momentum.
/YM – DownTrend with downward momentum.
/RTY – DownTrend with downward momentum.
/NQ – DownTrend with downward momentum.
/ES – DownTrend with downward momentum.

/CL – DownTrend with upward momentum.
/GC – DownTrend with downward momentum.
/ZB – DownTrend with downward momentum.
HYG – DownTrend with downward momentum.
DBC – DownTrend with upward momentum.

Summary (Daily Chart)
$DJT – DownTrend with upward momentum.
/YM – DownTrend with upward momentum.
/RTY – DownTrend with neutral momentum.
/NQ – DownTrend with neutral momentum.
/ES – DownTrend with neutral momentum.

/CL – DownTrend with Neutral momentum.
/GC – DownTrend with Downward momentum.
/ZB – DownTrend with Downward momentum.
HYG – DownTrend with Upward momentum.
DBC – UpTrend with Upward momentum.

$DXY – UpTrend with Neutral momentum.
EUR/USD – DownTrend with Neutral momentum.
USD/JPY – UpTrend with Upward momentum.

US Dollar is in an uptrend.

Tight Squeezes
/BTC

Squeezes (Daily)
/RTY, /YM

Preliminary Squeezes (Daily)
$DJI, $DJT, $DXY, /ES, /GC, /NQ, /ZB, /ZN, EUR/USD, HYG, SPX

Indices/Market Internals as of close of 14 October 2022 — Market Internals

Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.062
Market Breadth – below the signal line showing more losers than gainers.
Volume Acc/Dis – below the signal line showing distribution.
Vix – 32.02

Market Internals are signalling Bearishness.

Indices/S&P 500 Sectors as close of 14 October 2022 — Table 1: Tabulation of the S&P 500 Sectors

On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLP, XLI, XLC, XLU, XLK, XLB and XLY.

On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLU, XLP, XLI, XLK, XLB, XLC and XLY.

Indices/S&P 500 Sectors as close of 14 Oct 2022 — 1 minute day chart with QTiTTs

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Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA