The S&P and Dow broke the recent fed announcement levels, while the Russel and Nasdaq have not. Also note that the SPY, UPRO, and S&P cash did not break the fed levels while the SPXU did. The Dow's etf and cash index broke fed levels with the futures. There is a lot of short/intermediate time frame bearish divergence across all majors, metals, and oil. IBB didn't participate in the gains for the week. Oil broke above 50
/ES broke the feds recent high and 50ma, nulling short term vM's, however the shorter term vW's are spent. Still has vW's to 2015.75, 2050.5, and to new highs from August crash levels. Bulls need MACD to reset/re-engage. The SPXU has fallen below its 200ma while the SPY and UPRO remain below theirs as well. They usually mirror each other.
SPY held fed levels
SPXU broke below fed levels and it's 200ma
The Russell testing its 50ma.
Nasdaq
Dow pushed thru gap.
Nikkei
IBB was down for the week while the majors were up.
The Dollar's ma's are converging.
Gold
Copper 2.54 - 2.5523 on the radar.
Oil sitting just below its 200ma. Has bearish divergence.
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