Sunday, September 22, 2024

8/20/24: Fed lowered interest rates by .50

 /ES gapped up and made new ath's
Has formed and triggered vW's above 6k.



The Russell hit short term vW's. 
Does have vW's triggered to new highs.



Bonds nulled vM's 116'07 and 100'26 
MACD is crossing negative.



The Dollar has hit vM 100.175 and triggered 93.310.
If gets below 99, vM to 87.915 will be triggered.



The XLF hit long term and short term vW's from 44.96 to 45.57.
vW's to 53.94 and 55.34 are triggered.


Bitcoin has been mostly sideways, but is sitting inside a massive vW / Cup w/ handle.

Sunday, August 25, 2024

Week Ending 8/23/24: S&P and the Dow close to ATH's

/ES has formed and triggered vW's above 6K.


/RTY has formed vM to 1717.2 as well as vWs 2184.9 and 2240.5
vW 2363.7 is currently triggered unless we make new lows.


Bonds rose above the head last week for vM's 116'07 and 100'26 
but didn't close above so aren't nulled yet.
MACD looks like could be turning negative.


Gold looks like it wants higher. 
vW to 2929.7 is triggered and bull flag to 2962 is still intact.
Several short term vW's from 2596.3 to 2637.6 are triggered as well.


The Dollar has hit vM 101.440 and  triggered vM's 100.175 and 93.310.


The XLF made new ATH's.
vW's from 44.96 to 55.34 are triggered.


Bitcoin hit vM 56,833 and so far bounced.

Sunday, August 11, 2024

Week ending 8/9/24: Markets fell heavily on Japan interest rate cuts.

 /ES below its 200 ma on Japan worries. 
It fell through vM's 5296.5 and 5262.75.
Has formed vM to 4622.25 and if breaks Mondays lows, will be triggered.
Also formed short term vW's to 5581.5 and 5646.75



/RTY fell as well through vMs 2076.5 and 2029.1
Has formed vM to 1717.2 as well as vWs 2184.9 and 2240.5
vW 2363.7 is still currently triggered unless we make new lows.



Bonds also declined with the majors. 
vMs to 154'12 and 122'16 have formed.
Still has large patterns both ways.


Gold looks like it wants higher. 
vW to 2929.7 is triggered and bull flag to 2962 is still intact.



The XLF fell through all ma''s, but is back at the 10 ma


Bitcoin nulled shorter term vW's highs, but still has larger ones.
vM to 43,971 is triggered.




Tuesday, August 6, 2024

Week Ending 8/2/24: Markets fell heavilly Friday

 /ES fell to its 200 ma.
vM's 5296.5 and 5262.75 are triggered.


/RTY fell to its 50 ma. 
vMs to 2076.5 and 2029.1 are formed.


Bonds shot up this week hitting vW 133'14.
vW's 138'24 and 161'03 are triggered.


The 10 year yield fell hitting vM 3.657%
vM's to 3.224% and 2.552% are triggered. 


Gold hit vW 2497.7
vM's to 2318.1 and 2225.1 have been nulled.
vW to 2929.7 is triggered.


The Dollar has triggered vM's 101.440 and 100.175


The XLF is testing its 50 ma.
vM to 41.41 is triggered.



Bitcoin has been in a sideways range but has triggered vM to 43,971

Sunday, July 28, 2024

Week Ending 7/26/24:Russell, Dow , XLF outperformed while Nasdaq and MAG 7 took hits.

 /ES hit 5452.5 and retraced alot of the gap 5427.5 but didn't fill it. 
Has formed vM to 5202.75 and vW 5607.5


/RTY has a bull flag formed to 2523.3 and vW to 26426 is triggered.
Also has smaller patterns both ways.


Bonds still basically sideways with patterns in both directions.


Gold just missed vW 2497.7
Has formed vM's to 2318.1 and 2225.1


Oil is under it's ma's and the 10 ma is now under the 50 and 200 ma's.
Several vM's across different time frames arre triggered.


The Dollar has been moving sideways along with its ma's.


XLF has formed a bull flag to 46.11 if can break above 44.11
vW's from 45.57 to 55.34 are triggered.


Bitcoin has patterns both ways, but is near ath's.
If can break above ath's vW to 119,960 will be triggered.


MAGS gapped down and hit vM 44.02.
vM to 41.58 is triggered.
vM to 36.58 has formed.

Sunday, July 21, 2024

Week Ending 7/19/24: Biden dropped out today(7/21)

 /ES has fell under its 10 sma.
Has formed vM to 5452.5
Longer term vW to 6045 is still triggered.



/RTY continued its rally hitting several vW's, but gave back alot of the gains Thurs and Fri.



Bonds still basically sideways with patterns in both directions.


Gold rallied early in the week making new highs but ended up giving it back.


Oil fell under its ma's, however they are quite consolidated.
vM to 66.33 has been triggered.


The Dollar is testing its 10 ma.
If can get above it vW's higher will be triggered.



XLF made new ath's.
vW's 45.57 and 53.94 are triggered.


Bitcoin has continued its bounce and is above all ma's.
vW's to 72,750 - 78,654 are triggered.

Week Eding 7/12/24: The Russell was up over 6% while the Mag 7 was under pressure.

 /ES hit longer term vW 5656 and shorter term vW 5700.5 and so far reversed.
Has formed short term vW to 5780.5 and vM to 5633.25


/RTY rallied over 6% while the Mag 7 were under pressure.
Has nulled short term vM's lower and triggered vW's 2202.2 to 2363.7


Bonds still trading sideways with patterns both ways.


Gold rallied again this week with positive macd and just under all time highs.


The Dollar fell heavily this week and under all ma's


XLF made new ath's but hasn't closed above yet.
vW to 45.44 is triggered.