Stock indexes rallied all closing up over 2%. The Russel slightly lagged again, closing up 1.89%. European markets closed up over 3%. The Nikkei was up 1.08% and Shanghai was up 5.34% Oil was up over 10%.
/ES has a vW to 2015.26 triggered and a gap just above at 2026. Expecting this area to be resistance. Has patterns including excess from Mondays crash that are triggered also to 2029 and 2050.5. 50ma and 200ma still converging. The /ES, as with all indexes, needs to push above the gap and hold. Otherwise could test lower levels again.
/TF similar story to /ES
/NQ similar as well
The Dow similar as well
NYSE still needs extremely positive price action to turn moving averages around.
XLF was up about 2.5% and hit a vW target price of 23.71. Has vW to 24.68 triggered.
IBB was able to regain its 200ma, and is testing its 10ma. See if can hold.
Nikkei 10ma converging on 200ma.
The dollar is back above 10 and 200 ma's, Needs positive price action to avoid 10ma<200ma.
Bonds below 200ma. Testing 50ma.
Gold has formed a prominent looking vM to 1067.4. Break above 1169.8 nulls the pattern.
Oil shot up 10% hitting a vM target price of 42.67. It is sitting above its 10ma.
Copper futures shot up over 4% and have formed a vW to 2.42. Has regained its 10ma...see if can hold.
BTU up another 40%
No comments:
Post a Comment