Sunday, March 13, 2022

Week Ending 3/11/22: Indices traded sideways and need to hold recent lows. Commodities blow off top???

 The S&P needs to hold 4101.75 to  
avoid breaking W to 5057.5 
and triggering vM to 3713.75



The Russell went sideways along it's 10 ma.
Has good size,  short term patterns both ways.
Has formed a larger vM to 1429. 
Needs to hold recent lows!



Bonds have formed and triggered vM's from 172'26 to 154'16



The 10 year yieldjumped this week. 
Has vW's from 2.095% to 3.167% that are triggered.



Gold jumped above vW 2038.6 and fell back 
below after a big run since Febuary.
Formed vW 2455.2 and still has large patterns both ways.



Oil jumped the last couple weeks and is now 15% off highs.
Has formed vM's to 87.12 and 84.12



Lumber nulled vM 609.2 but hell heavily after and has formed vM to 936.1



The Dollar performed opposite of commodities and looks like wants higher.
vW's from 99.975 to 105.515 are triggered.



XLF has broken January lows.
vM 35.14 and 32.60 are triggered.



Bitcoin fell through vM 37421.80 but didn't break Jan lows.
Has formed short term vM to 22002.42
Also note that it has untriggered longer term vW's higher.



Bitcoin rallied this we as continues sideways.
Has formed short term vM to 22002.42
















Sunday, March 6, 2022

Week Ending 3/4/22: Copper and gold rallying.

 The S&P needs to hold 4101.75 to  
avoid breaking W to 5057.5 
and triggereing vM to 3713.75



The Russell went sideways along it's 10 ma.
Has good size,  short term patterns both ways.
Has formed a larger vM to 1429. 
Needs to hold recent lows!



Bonds jumped this week, filled the gap, and closed back near highs.
VM's lower still triggered, but formed vW to 200'29 as well.



Copper jumped this week above vW 4.8665 and nulled several vM's lower.
Bull flag to 7.5050 could become a possibility.



Oil jumped hitting vW 105.08
vM's to 83.08 and 79.07 have been nulled.



Lumber climbed this week and has triggered vW's1621.5 to 2022.3



The Dollar jumped this week hitting 98.785 and nulling vM's 94.315 and 92.400
vW to 105.170 is triggered.



XLF nulled vW 45.98
vM's to 36.55 and 35.14 are triggered.



Bitcoin fell through vM 37421.80 but didn't break Jan lows.
Has formed short term vM to 22002.42
Also note that it has untriggered longer term vW's higher.