Sunday, January 28, 2018

Week Ending 1/26/18

The S&P hit and breached 2848.
It has formed and triggered vW to 2880.75



The Russell has hit and breached above vW to 15970.5, which was the last longer term vW higher.
The Russell is no longer supported by intraday charts, but an estimate is a vW towards the 1625 area.
Does have a balanced target / bull flag to 1676.4 area.
Note the volume decay.



The Nasdaq has vW to 7076



Short sellers continue to get slaughtered in the Dow.



The XLF is just shy of its 30.27 Bull Flag target price



Oil has triggered vW's to 73.78 and 83.56
Watch for correlation between oil and the Dollar at their price targets of 73.78 for oil, 
and 87.445 for the Dollar 



Expecting vM to 87.445 for the Dollar



Gold has nulled vW's to the 1250-1200 area, and is close to triggering vW to 1708.3.
Needs to hold 1350 to keep 1708.3 triggered.



TLT has a composite vM to 116.77 and 115.53 that is close to being triggered.  If their target prices hit, vM to 89.50 will be triggered.
Click for Update



IBB has a vW triggered towards new highs at 130.36







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Sunday, January 21, 2018

Week ending 1/20/18

So far this year markets have launched with very small and abrupt pullbacks.  Not much has changed on other securities since the last post.



The S&P has continued higher with very small abrupt pullbacks.  
It has formed and triggered a vW to 2848.




The Russell has hit vW to 1597.20.  I don't see any longer timeframe patterns higher.  Watch correlation between this setting up and the S&P's 2848 target price.




Oil has triggered vW's to 73.78 and 83.56,
and nulled patterns to sub 40.


vM to 90.565 has hit and price traded and closed signifiv=cantly under.  
vM to 87.445 highly likely with oil possibly climbing higher.

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