Week ending 1 18-19

Stocks have continued their rally, hitting vW target prices, and are retesting necklines for vM's lower.

Oil has hit a vW as well, and bonds hit a vM lower,

Watch bonds closely.  Whether its here or lower at the gap, if they start rallying, stocks will likely fall.

The ES has hit vW 2628.75, and continued climbing, 

and retaking vW neckline to 2273.

vW to 2770.25 (and new highs) are triggered.

Expecting 2270-2820 area to be resistance.

If gets above that, will expect new highs.

Click for Update

The Russell hit vW 1412.5 and continued climbing, and has retaken vM necklines lower.  

Expecting resistance at target price vW 1572.

It hasn't formed vW's to new highs, 

but if it continues higher it will.

Click for Update

The Nasdaq has a similar story as the Russell.

Expecting resistance at vW 7133.25

Click for Update

Dow is similar to others as well.

Expecting resistance at vW 25811

It has triggered vW's to new highs.

Click for Update

The XLF is sitting just below vW to 26.06

vW's to 27.31 and 29.98 are triggered.

Watch for resistance at 27.31

Click for Update

Bonds hit vM target price at 158'10

If bonds bounce from here I will be 

highly suspect of a rally in stocks.

If doesn't bounce expecting vM 156'10 

and gap fill at 156'06 and will watch for a bounce.

Click for Update

Oil has hit vW 53.54

See if can continue higher to newly formed vW to 63.19

Click for Update

The dollar is just above vM 94.410

See if can bounce from there.

Otherwise expecting newly formed vW to 92.010

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Gold has un-triggered its vM to 1121.2, above 1369.4 nulls,

and will trigger vW to 1708.3

Click for Update

Week Ending 1-11-19

Stock indicies are still rallying, but all are about tohit vW target prices that will re-test their necklines for vM's lower.  If stocks start to roll over at these levels instead of consolidate and close above the necklines, we are likely to see much lower.  Several patterns higher, and to new highs are forming though.  

The ES has large patterns formed both ways.  

Currently headed toward vW 2628.75

See if can continue higher and take out vM neckline to 2168.25

Click for Update

The Russell hit vW 1412.5 and continued climbing.

On its way to vW 1462.5, which is right at the neckline for vM 1218.2 

Click for Update

The Nasdaq formed vW to 6745

vM to 5478.5 is still triggered.

Click for Update

Dow headed to vW 24346, which is just below the neckline for 21242

Click for Update

XLF is consolidating just below 24.64

See if is resistance or heads higher towards 26.06

Click for Update

Oil has untriggered vM to 19.91and just below 53.34 target price.  

See if can continue higher to newly formed vW to 63.19

Click for Update

The dollar is just above vM 94.410

See if can bounce from there, 

otherwise expecting recent low around 93.7

Click for Update

Gold has un-triggered its vM to 1121.2, above 1369.4 nulls,

and will trigger vW to 1708.3

Click for Update

Bonds have formed and triggered a vM to 156'05, 

which is right at the gap fill at 156'06

Click for Update

Copper is testing necklines between lower and higher.

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Week Ending 1-4-19

Stocks and oil have been rallying and have vW's higher that are triggered.  However, there are larger vM's lower that are still triggered.  Watch to see if price can continue above target prices and re-take the necklines(which are just above the target prices).

Note: Nothing much has changed for the Russell, Nasdaq, Dow, the Dollar,gold,and copper on the charts so refer to last weeks blog for those.

The ES has hit vW 2529.75 and continued climbing after consolidating.  

Expecting vW 2628.75 but think it will be a resistance area.

vW 2628.75 is just below the vM neckline to 2273.

Click for Update

XLF has formed and triggered a vW to 26.06

Click for Update

Oil has formed and triggered a vW to 51.84.

It will have to continue above it in order to untrigger vM to 24.39

Click for Update

Bonds have formed a vM to 158'08 after hitting vW 164'05.

If doesn't bounce from there, expecting gap 156'06

Click for Update

Lumber is in between larger time from patterns about 40% in each direction, 

which are inside much larger time fram patterns.

vM to 196.1 is triggered.

Click for Update

End of 2018

Indices bounced, but only after falling well below vM target prices.  I think for long term markets, it would have been better for them to fall further and bounce from the lower vM target prices.  If prices roll over and fall to the lower vM target prices, they will form much larger patterns lower, not shown on the following charts.

The S&P fell well below vM target price of 2489.5, but has currently retaken it. 
Has small vW's to 2529.75 and 2628.75 that are triggered.  Larger time frame vM to 2273 remains triggered unless price climbs above 2660.

Click for Update

The Russel formed small vW to 1412.9

VM to 1218.2 is still triggered.

Click for Update

The Nasdaq formed vW to 6745

vM to 5478.5 is still triggered.

Click for Update

 

The Dow has formed vW to 24346.

vM to 21242 is still triggered.

Click for Update

XLF has hit and trying to bounce from vM 22.65

Small vW to 24.64 is triggered.

vM to 20.28 is still formed.

Click for Update

Oil has formed a bear flag to 24.39 

inside a larger time-frame vM to 19.91

Click for Update

The Dollar has triggered a vM to 94.410

but ultimately looks like it wants higher.

Click for Update

Gold has un-triggered its vM to 1121.2, above 1369.4 nulls,

and will trigger vW to 1708.3

Click for Update

Bonds have continued their rally higher.  

A very likely scenario here is for a pullback to GAP 156'06

before resuming rally towards vW's 164 and 174

Click for Update

Copper is testing necklines between lower and higher.

Click for Update