Sunday, April 21, 2024

Week Ending 4/19/24: Markets spiked lower on Israeli news, but has mostly recovered. Could see a bounce here, but still looks overall bearish.

 /ES fell below its 50 dma hitting vM's 5048.75 and 5015.5
Has formed small vW to 5146.75, but new lows will null.
Hs triggered vM's to 485.25 and 4788.5 and has triggered vM 4621.75


/RTY has hit its 200 dma and so far bounced. 
vW to 2244.2 is still intact, but new lows will null.
vM's to 1925.6 and 1794.1 are triggered with vM 1714.4 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 sma'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 wth 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 is currently playing along with price with the exception of slight negative divergence the last couple days.
Price is currently above all dma's and the 50 dma crossed above the 200 dma.


XLF is testing its 10 and 50 dma's which are right together. 
vM's from 38.7 to 36.78 are 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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