Sunday, March 20, 2016

3/16/16

The S&P, Dow, and Nasdaq are retaking their 200 day moving averages. after the Fed stated they wouldn't raise rates.  Oil also rallied, and is above $40 in the after hours session.



New Years gap to 2034.5on deck, and vW to 2054.5 is triggered.



The Dollar dropped heavily on the Fed announcement into vM target price at 95.76 and now sitting in between vW to 99.09, and vM to 92.84



Oil closed higher and jumped above $40 after hours.  MA's look constructive
 Expecting vW to 41.08 to W 42.35.  Oil has also formed vW to 50.69, which is triggered above 39
VM to 18.93 has been un-triggered.  Low 30's re-triggers.  Above 62.58 nulls.



Bonds sitting in between patterns both ways.  Shorter term, MA's not looking very constructive.

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