Saturday, May 29, 2021

Week Ending 5/27/21: Crypto down. Equities looking bullish. Lumber coming down? Gold could bull flag.

The S&P pushed higher this week, 
pulling it's 10ma away from the 50ma.
Short term vW's from 4223 to 4410.25 are triggered. 



Russell looking more bullish with the 10ma trying to cross above the 50ma.
Had bullish macd cross and looking to breach above the zero line.
vW's from 2346.1 to 2529.5 are triggered, along with some longer term ones in between.
Also possible bull flag to 3059.5 formed.



Bonds hit vW 188'03. 10ma trying to retake the 50ma
Has triggered short term vW's from 190 to 199.
Also has bullish macd cros and trying to get above zero line.



10 year yield has triggered vM's to 1.434 and 1.162
Also has bearish 10/50 ma construction and macd.



Gold has several short term vW's higher from 1894 to 2038 that are triggered.
Long term vW's to 2127.5 and 2416.1 are triggered.
If has very bullish action with little sideways/pullback action, it has a bull flag to 2962.
Does have vM's from 1615 to 1184.  New highs will null.



Copper traded sideways, somewhat negating bull flag to 5.1210, 
but has formed one to 5.6250 and retaken its 10 ma.



Oil has short term patterns both directions.
Looking bullish with bullish ma and macd construction.
Longer term vW's from 80.82 to 114.07 are triggered.



Lumber has a vM to 762.4 with the 10 ma converging with the 50ma nad negative macd construction.
Bull flag still intact until/unless price falls below the 1200 area.



The Dollar is fighting between short term patterns.
Currently lower is winning with vM's from 89.46 to 86.245 getting triggered.
MACD trying to bullish crossover.



XLF sideways action formed another bull flag to 41.41 
Also has large longer term patterns to 39.85 and 44.96
Has formed short term vM to 34.35 which would null bull flag to 41.41. 
Short term vW to 39.72 is triggered.



Bitcoin has come close to vM 29721.88 a couple times,
making it less likely to bounce if goes there.
If that doesn't hold, next target price is 16021.58. 
If that doesn't hold, next target is 3544.92.
vM's from 29721 to negative 1151.55 are triggered.



ETH has triggered vM's to 1443.3 and 463.31
MACD is below the zero line with negative construction.



Doge has formed and triggered vM's to .0971 and negative territory.  
Needs new highs to null.



Hex has held up better than other crypto,
however vM to .0170 has been triggered again.
Does have a bull flag to .1188 if doesn't tank.
Still not sure how to buy/stake this yet. 



HOLYUSD has vM to 3.1906 triggered.
Formed vM to negative territory.
Click for Update



COIN has a vM to 201.25 that is triggered. 
vW to 287.36 has formed.




Sunday, May 23, 2021

Week Ending 5/21/21: Crypto crushed. Lumber down. Stocks sideways

Crypto got crushed this week.  Hopefully it doesn't spill over into equities.  Bitcoin needs to hold 29k area. 


The S&P traded sideways around it's 10 ma.
Price needs to stay above the 10 ma, and pull 
it up with it to avoid further 10ma and 50ma convergence.
Otherwise expecting 4013.25.If that doesn't hold 3930.
If holds 10ma, has vW's from 4223.75 to 4308.
Also longer term vW to 4394.75 still triggered.




The Russell still in a sideways range.  
Triggered short term vW's up to 2529.5
vM to 1830.3 is formed.  New highs will null.



The Dow still fighting between patterns and its 10 ma.  
Currently short term vW's are triggered.
Still has long term vW's near 40k.



Bonds been moving sideways.
Has triggered short term vW's from 190 to 199.



10 year yield



Gold has several short term vW's higher from 1894 to 2038 that are triggered.
Long term vW's to 2127.5 and 2416.1 are triggered.
Does have vM's from 1615 to 1184.  New highs will null.



Copper hit a long term vW to 4.6270.
It pushed through at first, but fell back below, 
forming a vM to 4.1640
Still has a bull flag to 5.1210 if can reverse here,
but if trades sideways or down it will be nulled.
Has longer term vW's from 5.5115 to 6.8630



Oil has been trading sideways.
Has short term patterns both directions.



Lumber hit vM 1253.2 and has bounced half way back, forming vM to 762.4.
Bull flag to 1858.8 is nulled, but if goes parabolic from here again, it will form one to 2535.4



The Dollar is fighting between short term patterns.
Currently lower is winning with vM's from 89.46 to 86.245 getting triggered.



XLF sideways action formed another bull flag to 41.41
Also has large longer term patterns to 39.85 and 44.96
Has formed short term vM to 34.35 which would null
bull flag to 41.41, and a short term vW to 39.72



Bitcoin has triggered vM's to 29721.88 and 3544.92
If that 29721 area doesn't hold 3544 is a very high possibility.



ETH has triggered vM to 463.31
Does have a support area at 1300 level.
If that doesn't hole 463 very likely.



Doge has formed and triggered vM's to .0971 and negative territory.  
Needs new highs to null.



Hex has triggered vM to .0170



HOLYUSD has vM to 3.1906 triggered.









Sunday, May 16, 2021

Week Ending 5/14/21: Crypto needs to hold recent levels

 The S&P had an ugly start for the week
and nulled some vW's, but ended back near the highs.
Has formed and triggered vW's from 4223.75 to 4273




The Dow had rough start as well. 
Has longer term vW's to 38449 and 39766







Bonds traded similar to equities.  
Still has shorter vW's triggered.





Gold hit short term vW's to 1798.8 and 1833.8
and still has several higher that are triggered.




Oil has been grinding higher.
Has short term patterns both directions.




Lumber finally had a bad week. 
Formed and triggered vM to 1253.2 
which was a prior support level.



The Dollar needs to hold 89 to avoid further selling towards 86.





XLF sideways action formed another bull flag to 41.41
Also has large longer term patterns to 39.85 and 44.96



Bitcoin has triggered vM's from 43467 to 29721





ETH needs to hold recent lows at 3340 to avoid
further selling towards vM's from 3237.99 to 2377.16
If can bounce, has bull flags to 4837 and 6160




Doge has formed vM's to negative territory.  
Needs new highs to null.





Holy




HEX is sitting between necklines for .0815 and .0170
Also has a bull flag to .11



















Sunday, May 9, 2021

Week Ending 5/7/21: Musk on SNL. Lumber still nuts. Hex v.s. cryptos. S&P and DOW new highs.

 The S&P hit vM 4133 and bounced,
hitting vW's to 4219.5 and 4237.75.
Has formed vW's to 4250 and 4275.75



Lumber still nuts!
From 4/30/21
Same from last week, except bull flag has broken out.
--------------------------------------------------------------------
Lumber Paused briefly around vW 1338.9 and closed above Friday,
Forming a bull flag to 1858.8, a roughly 35% increase.



BTC been going sideways while ETH and DOGE going up.



ETH has hit long term vW 2591.6
and several shorter term vW's, 
and is well extended beyond them.
Bull flag to 4837.18 has broken out.



DOGE fell after Elon Musk's appearance on SNL.
Lots of people expected it to hit $1.
Has formed large patterns to .3062 and .0971 that need new highs to null.



HEX has a bull flag to .0466
It's been outperforming since approximately the 18th.



Cryptos compared to HEX
Click for Update