Stock indexes made substantial gains Friday after closing the new years gap. Oil jumped to 42.49 but started to give it all back once the bell opened.
/ES has several magnets towards 2050.5 to 2055.5
It has vW's to 2050.5 and 2054.5, along with a bullish P formation to 2051.5
It also has a gap at 2055.5
Expecting it to hit this area and then try to reverse lower.
Expecting it to hit this area and then try to reverse lower.
Russell still below its 200ma and has a lot of resistance to get thru.
Nasdaq trying to retake its 200ma. Action around the 200ma for the /NQ could dictate market direction.
The Dow has retaken its 200ma. See if can hold.
Oil closed flat after rallying overnight, only to start giving it back at the open.
vW to 41.08 and W to 42.35 hit. vW to 50.69 is formed.
Needs ho hold 40, then 36, otherwise expecting it to dip back below 30.
Needs ho hold 40, then 36, otherwise expecting it to dip back below 30.
The Dollar tanked on the Fed reporting that it would likely only raise rate twice, as opposed to four.
vM's to 92.84 and 89.38 are triggered.
Bonds trying to hold the 50ma.
Gold trying to hold its 50ma.
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