Sunday, April 28, 2024

Week Ending 4-26-24: Does the bounce continue?

 /ES bounced this week and has formed/triggered several shorter term vW's near all time highs.
Needs to hold recent lows at 4963.5 to avoid further selling towards vM 4850.25 to 4621.75


/RTY has hit its 200 dma and so far bounced. Needs to retake 50dma. 
vW to 2244.2 is still intact, but new lows will null.
vM's to 1925.6 and 1794.1 have un-triggered.
vM to1714.4 formed.


/UB is below all sma's with are consolidated together with macd below zero.
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above dma's.



vW's just above 5% are triggered with bullish macd along with vW to 5.890%


Gold is consolidating after hitting longer term vW to 2416.1 and MACD is trying to curve negative.
Shorter term vW to 2497.7 is triggered, along with longer term vW to 2929.7 and bull flag to 2962


Oil spiked on Isreali news and is currently well below that spike. 
vM's to 76.78 and 74.42 are formed with bearish MACD.
Has longer term patterns both ways.


The Dollar has triggered vW to 111.280 and is close to triggering vW's to 118.520 and 119.275
MACD however has made a bearish crossove. See if continues lower or reverses.
Price is currently above all dma's and the 50 dma crossed above the 200 dma.


XLF istill battling 10 and 50 dma's
vM's from 38.7 to 36.78 have un-triggered.


Bitcoin is below its 50 dma and the 10 dma has crossed below it.
MACD is below the zero line but is trying to curl up.

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