The Nasdaq and S&P made new highs yesterday, but today fell sharply, supposedly due to allegations Trump asked Comey to stop investigations into Flynn. This is likely just noise, and markets may have wanted this sell off anyway.
Note: ThinkOrSwim no longer offers free quotes from I.C.E, so those will be left out, or from another program.
The S&P fell heavily after making new highs yesterday. It has entered the gap created on 4/23 and is sitting right at the half gap. If doesn't bounce from here today/tomorrow, it will likely fill the gap at 2345.25
I expect the gap will get filled regardless, it just may bounce a bit from halfway first. Expecting it to bounce from the gap once filled.Needs to hold 2117.75 to avoid nulling vW's higher towards new highs.
The Nasdaq still has a way to go before entering the gap from 4/23
The Dow didn't make new highs yesterday. Has a vW to new highs of 21640 if can hold above 20311
Oil has been trying to bounce back and has taken back its 10ma and 250ma. Still just below the 50 and 200ma's. Needs to get those back.
Copper has a concerning vM to 2.1828 triggered, which is just below the 8/24/15 crash level.
Gold is regaining its ma's.
Banks fell over 3%, triggering vM to 21.42
If breaks below 22.89, the vW towards new highs will be nulled.
The IBB is sitting in between its short and long term ma's. If falls below longer term ma's, will likely see test of 250 area and possibly vM 223.13 target price.
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