Stock index futures fell Thursday and Friday giving back every bit of the gain on the announcement of the Fed raising rates, and the some. The Dollar is above all ma's and has a vW to above 106. The Fed and stocks do not want this. Bonds and gold look like they are trying to base for a move higher. Oil rallies continue to be sold at the 10ma.
/ES needs to hold 1983.25 to avoid nulling intermediate vM's towards 2150. VM to 1951 is triggered, and if /ES falls further from here, vM to 1903.5 will be triggered. Also the neckline for triggering the longer term vM to 1571.5, is currently at about 1890.
Short Term
Long Term
/TF is sitting below all ma's and has vM to 1065 triggered, and a break below 1090 triggers vM to 1032.2
/NQ has vM to 4336.5 triggered and vM to 4244 formed
Fridays action triggered vM to 16352 on the Dow.
VIX futures have vW to 30.28 triggered.
The Nikkei had a huge rally in its am session, up over 3% and above its 200ma, only to be slammed
back down under its 200 and 10 ma's, closing down about 2%.
Short Term
Longer Term
IBB still has vM to 275.51 triggered.
XLF has vM to 22.7 triggered, and vM to 21.88 has formed.
The dollar has retaken its 10ma, and has formed vW to 106.9
This is not what the Fed, or stocks want!
Bonds looks bullish with vM to 168'17 triggered.
Copper has had some impressive rally attempts
Gold still riding it's 10ma. If can hold 1045.4, it has a large double bottom forming towards 1250. If breaks below, expecting 976.
Oil has vW to 41.34 if it can hold above 34.53
vW to 33.07 still triggered, and if oil does break below 34.53, vM to 18.93 will be triggered.
AAPL has vM to 83.48 triggered, and vM's to 65.55 and 56.27 formed.
WMT has vM to 53.36
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