Monday, January 18, 2016

1/18/2016

Markets have hit longer term vW's, but are gaining acceptance below.  They have also triggered longer term vM's, over 15% lower.  Oil under $30.  Copper hit vM at 1.9653


/ES has vW to 1905.75, with a gap just above at 1913.  Also has larger vW to 1941. Gap at 1983, and a double bottom to 1989



Russell has vW to 1053.2 if can hold 978.2






Oil below $30.  Could see a bounce, but expecting 18.93

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