Stock indexes and oil rallied on OPEC news after being down heavily on Thursday, and followed through Friday to finish the rough week with a gain. Gold and Bonds basically had an opposite reaction.
S&P futures rallied off OPEC news on Thursday and rallied through Friday closing the week with a gain. Price came close to hitting vM(head&shoulders) targets just below 1800 just before the news. Expecting to rally towards GAP at 1930.5, and W(double bottom) to 1933.5
/ES Long Term still has big patterns to the downside that are triggered.
Russell looks similar to /ES. W to 1133.5 formed. Currently trying to retake its 10ma.
Nasdaq similar as well.
The Dow's chart still continues to hold up the best. vW's haven't been nulled to 16849, 17083, and 17481.
The Nikkei made new lows in the overnight session, but bounced back by end of day.
Oil was down almost 5% on Thursday before OPEC news and closed flat for thge day, followed by a 10% rally on Friday. As of 2/15 2315 it is up 5% back above $30.
XLF has hit vM to 19.64
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