The S&P sold off Thursday nulling a short term vW towards 2470, however it still has longer term time-frame vW's to 2455 and 2478. It has formed a vM to 2382.75 and needs to hold around the 2413 level to avoid further selling towards it.
The Nasdaq has triggered a vM to 5315.75 which is about 6% lower.
Needs to make new highs to null.
The Russell is close to hitting vW target price of 1441.
vW to 1597.2 is triggered
The Dow hit a vW target price at 21426 and then chopped sideways forming several vM's. One of them hit last Thursday at 21151 and so far has bounced. Needs new highs to null them.
XLF is trying to reach vW target price at 25.10 which is just below highs needed to null vM to 20.73.
Watch the 25.10 level to see if reverses, or breaks above recent highs at 25.29 to null vM 20.73
Oil has been making lower lows but now looks like it's trying to bounce back. Still has vM's to sub-40, which needs above 55.25 to null. Above 55 will also trigger vW to 73.78
IBB has been bouncing back after several test of the neckline for vM 56.52
They are not pretty but it has vW's higher, and one that will test its all time highs that is triggered.
Kroger got slammed on earnings, and slammed again when Amazon announced it was acquiring Whole Foods. KR fell through vM target prices, a gap, and below the 8/26/15 crash level. See if it can, and how it reacts to gap fill at 30.28
While I don't think it will happen, it has formed a huge vW to 5.63 and needs a lot of work to null it.
WBA fell out of its channel and is testing the neckline for 51.78
Needs to hold above 71.50 to avoid nulling vW higher towards 100.97 and triggering vM to 51.78
AAPL looks toppy here. Has hit all major long term target prices and forming vM's lower. Expecting to gap fill 121.30
There has been a lot of chatter about crypto-currencies lately. Bitcoin and several others have formed huge bearish vM's. Bitcoin has a small one to 2194 that will trigger a larger vM to 1085.
