Week Ending 2/15/19

The indices have hit vW target prices(except the Nasdaq which is close) that look like resistance areas.  If can push through here, expecting new highs.  

The ES hit vW to to 2770.75

and expecting this area, to 2819 to be resistance.

If can push through that, expecting new highs, 

and vW to 3218 will be remain triggered.

Needs new highs to null vM's lower.

ES Shorter Term

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ES Longer Term

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The Russel hit vM to 1572

vW's to new highs are triggered if can get over last Oct highs.

Watch the Russells action.  Its moves usually precede other index moves.

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The Nasdaq is just below it's vW targte price 7133.25

Expecting resistance at vW 7133.25

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The Dow outperformed otherr indexes Friday

and closed above vW target price 25811.

Vw's to new highs arre triggered here as well.

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XLF has pushed above vW 26.06,

but on relatively light volume.

-From 2/8/19-

The XLF hit vW to 26.06

vM's to 25.10 and 24.77 have formed.

vW's to 27.31 and 28.98 are triggered.

Watch for resistance at 27.31

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Short term vM's lower were nulled on Friday.

vW to 63.19 is triggered.

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Gold has triggered vW to 1421.5 which will trigger vW to 1708.3

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Short term vM's lower were nulled on Friday.

vW to 63.19 is triggered.

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Bonds are trading between several necklines higher and lower.

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Week ending 2/8/19

Not a lot has changed in stock indices, chart-wise, and a few others in recent weeks, so refer to past charts.
Stocks have been rallying but are experiencing a pull back after Democrats announced a probe into Deutsche Bank.  Bonds have also hit a small vM target price and bounced, putting pressure on the markets.  Oil is forming patterns lower and lumber has hit a vW target price.  We are just below vW target prices in the indices, which I think will be resistance.  If we can push through them, well likely see new highs.



The S&P has formed a small vM to 2650.

Still expecting price to hit 2770.25, 

and expecting that area to the 2820 area to be resistance.

If can get through that, expecting new highs.

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The XLF hit vW to 26.06

vM's to 25.10 and 24.77 have formed.

vW's to 27.31 and 28.98 are triggered.

Watch for resistance at 27.31

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Oil is starting to form vM's lower

to 51.74, 50.69, and 47.90

vW to 63.19 will remain intact 

unless price dips below 42.36

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Bonds have bounced from 158'10

and forming small vW's higher.

Also, price is about to trigger vW towards 174'05

This would likely be bad for the stock markets.

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Lumber has hit vW 438.8 and filled the gap just above.

Formed a small vM to 391.9 inside a larger vW to 589.6

Needs to hold above the 420 area to avoid triggering vM to 196.1

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Deutsche Bank has huge patterns lower.  

Looks like "Too Big to Fail"

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