The S&P fell to its 50ma and within two ticks of 2029.75 so it is considered hit. A retest of that area will be likely to break through lower. 2026 is the line in the sand. vM to 1976.75 is triggered, but price is trying to retake the neckline.
Shorter time frame vW's to 2060.25 and 2076 have been triggered.
Hourly MACD looks like could be turning positive.
The Russell tested its 50ma around 1100 and has so far bounced. vM to 1085.6 is triggered. Needs to hold 1080 to avoid further selling towards vM 1040.6
Hourly MACD looks like could be turning positive.
The Nasdaq looks weak as it couldn't bounce from vW 4302.5 and instead has made lower lows and lower highs. vW to 4178.25 is triggered and price is testing the neckline for vM 3973. Needs to hold 4271 along with retaking its 10ma to avoid further selling towards 4178.25 and 3973.
The Dow touched its 50ma and has so far bounced. vM to 17417 came within 50 points of hitting. Price is testing the neckline for vM 17010 which will be at the 200ma.
Needs to hold its 50ma to avoid further selling towards 17010
The Nikkei traded sideways after last weeks fall on BOJ announcement.
Last weeks outlook still holds...
The Nikkei was hit hard following the BOJ announcement. If starts closing below 14815, expecting vM's towards the low 13000's
The Dollar has retaken its 10ma. Came within .010 of hitting vW 93.965
vW to 94.395 is triggered.
Bonds had an up week, hitting vW 174'25, which so far looks like it was rejected. If price breaks above 175 expecting vW to 178'25 and vW to 180'28 which is new highs and will likely be bad for stock bulls.
Hourly MACD looks like it's turning negative.
Gold still pushing higher. vW to 1528.5 has been triggered.
Bulls and Bears battling for $50 or $40 oil. vW to 49.40 is triggered. If price falls to $42, it will become un-triggered. vM to 41.66 is triggered and if price goes below $43.75, vM to 39.31 will be triggered. Above 46.78 nulls the vM's
Copper back below its 200ma. Needs to hold 2.0665
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