Markets around the world got hammered on the Brexit vote to leave the EU. U.S stock futures fell heavily Thursday night, hitting the 5% circuit breaker, and has so far been bought, however it gave most of it back towards the end of day Friday and now(Sunday evening) is near Thursday nights lows.
The S&P has formed and triggered vMs from 1955.5 to 2000.5
See if can hold its 200ma, otherwise 1981.5 and 1955.5 on the radar.
*NOTE: The UPRO and SPXU had a stop hunt while /ES just tested highs before brexit vote.
*NOTE: The UPRO and SPXU had a stop hunt while /ES just tested highs before brexit vote.
The Russell has vMs to 1056 and 1025.4 formed and triggered. It is currently sitting on its 200ma.
A break below 1000 could see much lower. vM to 858.2 is triggered.
The Nasdaq looks in worse shape than the other indexes. Has a vM to 3948.25 which is much closer to its recent low at 3862.25
The Nikkei is well below its 200 ma. If 14800 cant hold, expecting vMs to 13140 and 13036
The Dollar launched on the Brexit news. vWs to 96.87 and 97.983 are triggered. It is currently testing its 200ma.
Bonds making new highs and looking like wants higher.
Gold has formed and triggered a vW to 1549.5
Oil is sitting on its 50ma. vM to 45.25 is triggered. If doesn't hold this 47 area, vM to 37.76 will be triggered.
Copper was trying to retake its 200ma Thursday before the Brexit selloff. It is currently above its 10ma and just below the 50ma. Their projection looks bullish. See if the 10 and 50 ma's can retake the 200ma.
XLF dove below its 200ma
IBB has vM to 223.13, however price has came close to it a few time and basing, creating poor lows, therefore making a break through and well below the target price of 223.13
If price goes much lower vM to 55.66 will be triggered also.
