Markets started to fall in early February, but look like they are bouncing back towards new highs with the Nasdaq already there. Oil, the Dollar, and Gold are all trading sideways pretty much in correlation. TLT has fallen to vM target price levels.
The S&P fell sharply after missing vW 2880.75 by a couple of points. It formed a vM to 2537.75 and has so far bounced. It has formed and triggered a vW to target price to 3106.
The Russell also just missed its vW target price around 1625 before turning lower.
Has formed a vM to 1313.65, above 1619.2 will null.
Has formed and triggered a vW to 1706.4
The Nasdaq also just missed a target price at 7076 just before turning lower.
However, it has climbed above the nulled target price at 7076, and closed at all-time highs!
Also unlike the other indices, the Nasdaq has nulled its vM lower that was created during this small correction.
Has formed and triggered a vW to 7797.25
The Dow has formed and triggered (triggering) vW's to 28337 and 29042.
Above 26684 will null vM to 19668
The XLF hit its bull flag target at 30.27 before turning lower.
Has formed and triggered vW to 32.87
Above 30.32 will null vM to 23.06
Oil has formed a vM to 48.05. Doubt it happens, if it does it will probably be a buying opportunity.
Needs to hold above 59 to avoid triggering. Above 66.66 will null.
vW's to 73.78 and 89.56 are triggered
Still expecting vM to 87.445 for the Dollar,
however, a bounce towards 91.5 to 92 wouldn't surprise me.
Gold continues testing the neckline of vW to 1708.3
Has formed a small vM to 1258.4. Above 1365.4 will null.
The TLT fell and hit vM target price at 116.77
vM to 115.53 is still triggered.
If doesn't bounce from these levels, vM to 89.5 will be triggered,
which isn't far off the lows from where the ETF was first traded.
