Stock indices ended the week down after becoming volatile towards the end of the week. Markets were choppy around Wednesdays Fed announcement, but really became volatile after the BOJ left interest rates unchanged instead of adding more stimulus as expected. Oil finished the week higher closing just under $46.
/ES has fallen below it's 10ma. Needs to retake and hold 2070, otherwise expecting vM to 2029.75 and a test of the 50ma.
The Russel came within a few ticks to vM 1119.4 and tested its 200ma at the same area. If cant hold its 200ma, expecting 1080-1100
The Nasdaq hit vM to 4302.5
Needs to retake its 50 and 200 ma's
The Dow has vM to 17417 triggered, needs above 18083 to null. 50ma will be close as well.
The Nikkei was hit hard following the BOJ announcement. If starts closing below 14815, expecting vM's towards the low 13000's
The dollar seesawed on the Fed announcement, but fell when the BOJ held policy steady as the world expected more stimulus.
Bonds look like they want 173.20
Expecting that to be resistance.
Gold shot up to new recent highs on the BOJ news, nulling vM's towards low 1100's.
Oilocontinued higher for the week filling a gap at 45.22 and closing higher. vM's to 49.40 and 50.69 are triggered. Small vM to 44.43 has formed.
Copper is testing, and so far bouncing, off its 200ma. vW to 2.3442 is triggered.
XLF is testing its 200ma. vM to 22.61 has formed, which is right at the POC.
IBB fell to it's 50ma and vM target price of 269.99
Possibly a reversal if can hold these levels.
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