Sock indexes ended up taking a beating for the week after volatile sessions both ways throughout the week, closing near the lows on Friday.
/ES has short term vM's to 1838 and 1799.25 inside larger vW's towards 1982.5 - above 2000. Needs to avoid breaking below 1864.5 to avoid further selling towards 1838 and 1800. Bulls need price to hold above 1804.25 to avoid nulling vW's towards 2000.
Long-term vM's towards 1629 and 1571.5 are triggered.
/TF is similar to the /ES. Short term vM triggered inside larger vW's. Needs to hold 953.7 to avoid nulling vW's. Still has vM to 849.1 that is triggered.
The Nasdaq was hit heaviest on Friday, but hasn't nulled vW's with a break below 4032. Also has vM's lower.
The Dow looks stronger than the other majors. On Thursday it rallied back towards Tuesdays high, and actually closed above Tuesdays close on the hourly chart.
Nikkei
XLF has vM's to 20.22 and 19.64 after hitting vM target price of 20.56
IBB has hit a vM target price at 273.47 and has pushed through. See if can stabilize here and reverse, otherwise expecting 223.13
The Dollar got hammered on Wednesday and is now below the 200ma. If it doesn't hold at the 200ma, expecting 93.83
Oil is coiling between vM and vW necklines. Needs to hold 27.56 to avoid further selling towards sub $20.
Bonds hit a target price at 168'17. Watch to see if reverses here, if does stocks should push higher.
Copper hit vM target price at 1.9653, and has so far made a nice bounce forming a double bottom towards 2.35, if can get through breakout area at 2.1485
Gold has jumped above its 200ma. Breakout of double bottom is 1191.7, and has a target price of 1336.
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