Markets rallied ahead of tomorrows FOMC meeting. Oil also continued its rally opposite the falling dollar.
/ES wants to test 2000. Has Upoc at 1998.25 which may act as resistance. Still expecting vW to 2015, and gap fill at 2026.
Russell
Nasdaq nulled short term vM's and is sitting just below 200ma.
The dollar has fallen below 200ma.
Bonds look headed lower. MACD below zero.
Gold 10ma<50ma.
Oil rallied above yesterdays reversal point where Obama said he wouldn't support lifting the ban on oil exports. Close above 49.33 will null short term vM.
Copper
XLF
IBB did not participate in today's rally.
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